Development of the world’s first kinetic launch system by SpinLaunch has received new investment.

The launch system utilizes a large mass accelerator to provide on demand launches of small satellites in virtually any weather at an order of magnitude lower cost and higher frequency than any existing or proposed launch system, according to the group that’s headquartered in Long Beach, California.

SpinLaunch Headquarters, Long Beach, California, USA.
Courtesy: SpinLaunch

SpinLaunch also has a flight test facility at New Mexico’s Spaceport America.

Mass accelerator

Jonathan Yaney, Founder and CEO of  SpinLaunch, Inc. stated in a press statement: “Later this year, we aim to change the history of space launch with the completion of our first flight test mass accelerator at Spaceport America.”

Credit: New Mexico Economic Development Department

The company has received an additional investment of $35 million for continued development of the concept, bringing total investment to date to $80 million.

Investors include Airbus Ventures, GV, KPCB, Catapult Ventures, Lauder Partners, John Doerr and Byers Family.

Credit: New Mexico Economic Development Department/Screengrab Inside Outer Space

Reimagining space launch

The funds from this investment will be used to scale the SpinLaunch team and technology, and continue to build out SpinLaunch’s new corporate headquarters in Long Beach, California, and complete the flight test facility at Spaceport America in New Mexico.

In January 2019, SpinLaunch relocated to a new 140,000 square foot facility in Long Beach, California.

Groundbreaking for SpinLaunch facility at New Mexico’s Spaceport America.
Credit: Credit: New Mexico Economic Development Department/Screengrab Inside Outer Space

According to the company’s just-issued statement: “SpinLaunch is reimagining space launch by revisiting fundamental physics and leveraging proven industrial technologies to create a system that accelerates the launch vehicle to hypersonic speeds using ground-based electricity. Applying the initial performance boost from a terrestrial-based launch platform will enable the company to provide a substantially lower cost launch to orbit, multiple times per day.”

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