What does SpinLaunch do?
SpinLaunch is a space technology company based in Long Beach, CA that is innovating space launch methods using its 33-meter Suborbital Accelerator. The company focuses on creating efficient solutions for accessing space and advancing satellite technology.
How much did they raise?
The company received a $12M investment from Kongsberg, with Kongsberg NanoAvionics chosen as the exclusive satellite supplier for the deployment of 280 satellites. This strategic funding round, though not classified under a traditional series, underlines strong investor confidence in SpinLaunch’s approach and technology.
What are their plans for the money?
The funds will be directed towards further developing and commercializing the Meridian Space satellite constellation, including progressing the in-orbit demonstrator planned for 2026. This investment is expected to accelerate the production and phased deployment of cutting-edge satellite systems, potentially reshaping access to space.
What have they achieved so far?
SpinLaunch has already made significant strides with the commercial launch of its Meridian Space LEO satellite constellation in 2025 and has a track record of successful suborbital flight tests, showcasing its innovative launch technology.
