Dec 4, 04:42 PM

SpinLaunch Raises $11 Million, Initially Aimed for Larger Sum, for 200kg Kinetic Launch System

SpinLaunch, a Long Beach-based startup, has successfully raised $11 million in funding, although it initially aimed for a larger sum earlier this year. The company is developing a ground-based, electric-powered kinetic launch system designed to send payloads of up to 200 kilograms into low Earth orbit at speeds of 2.2 kilometers per second. In addition to its funding efforts, SpinLaunch has been exploring a remote Alaskan island as a potential site for its first orbital accelerator. This initiative is part of a broader trend among California's space startups, which are increasingly turning ambitious space-related concepts into reality.

#SpinLaunch #Long Beach #Earth #California

Written with ChatGPT (GPT-4o mini).

Sources

The Economist@TheEconomist
2 years ago
Ideas for making money in orbit that seemed mad in the 1960s now look sane. Here’s what some space cadets in California are up to https://t.co/GQohh9Pj1k 👇
AtomsNotBits@AtomsNotBits
2 years ago
What has been happening in the world of Atoms? - @spinlaunch has raised $11.5M. The Long Beach-based company is developing a "ground-based, electric-powered kinetic launch system" to send satellites into low-earth orbit. - @anduriltech has partnered with @OpenAI "to develop and… https://t.co/1HXuF47ikN
The Economist@TheEconomist
2 years ago
A cluster of “New Space” firms have settled in and around Los Angeles. They are heirs to a century-old aerospace tradition, rebooted by Elon Musk in 2002 https://t.co/Scf8jpKCjC Photo: SpinLaunch https://t.co/S4UFbJYtJM

SpinLaunch Raises $11 Million, Initially Aimed for Larger Sum, for 200kg Kinetic Launch System

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