What does SpinLaunch do?
SpinLaunch is a space technology company that leverages innovative approaches to launch and satellite communications, aiming to transform space access with next-generation technologies.
How much did they raise?
The company raised $30M in funding, with the round led by ATW Partners and supported by Kongsberg Defence and Aerospace, marking a significant investment in its ambitious projects.
What are their plans for the money?
SpinLaunch plans to use the funds to accelerate the development and commercialization of Meridian Space, its low-earth orbit satellite broadband constellation, potentially reducing deployment costs and complexity of satellite infrastructure.
What have they achieved so far?
The company has made notable progress, having successfully completed full-scale testing of its proprietary multi-band reflectarray antenna, a key component enabling its ultra-low capex design for satellite deployment.
