Spinlaunch Closes $71M Series B Funding Round
09/20/22, 4:02 PM
Location
long beachMoney raised
$71 million
Industry
information technology
Round Type
series b
SpinLaunch announced today that the company has closed a $71 million Series B funding round. The funds will be used to continue the development and commercialization of the world’s first kinetic launch system and satellite product line, designed to provide low-cost, high-cadence, environmentally responsible space access.
Company Info
Location
4350 e conant st.
long beach, california, united states
Additional Info
SpinLaunch has developed a fundamentally new way to reach space. By leveraging a ground based, kinetic launch system, we deliver constellations of small satellites into Low Earth Orbit at dramatically lower cost and higher cadence than any existing space launch company.
SpinLaunch is also the first truly environmentally sustainable launch system – delivering less expensive, more scalable access to space.