Trending...
- DanReDev, Kaufman Development & Oldivai Announce Major 2026 Projects Nationwide
- Consortium Media Appoints Jennifer Curtis-Neves as President of Consortium Media
- "I Make Music Not Excuses" Journal by Anthony Clint Jr. Becomes International Amazon Best Seller, Empowering Music Creators Worldwide
LONG BEACH, Calif.--(BUSINESS WIRE)--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.
The round was led by ATW Partners, and includes Kleiner Perkins, GV, ATMA Capital, ONA Capital, Lauder Partners, McKinley Capital, Tyche Partners, as well as John Doerr, Brook Byers, Asher Delug, Chuck Brady, Andrew Farkas, and Greg McAdoo. The Series B financing, which includes equity and debt, brings SpinLaunch's total funding to $150 million.
"In the last two years, even during difficult COVID times, SpinLaunch has shown remarkable and continued success," said Wen Hsieh, General Partner of Kleiner Perkins. "We share in the company's goal to realize the full-potential of the space economy by developing a revolutionary space launch system that is both very low-cost and environmentally-sustainable.
More on The Californer
"SpinLaunch's mission is to bring the world low-cost, sustainable access to space. We've taken a big step in that direction with the completion of our 33-meter Suborbital Mass Accelerator," explained CEO Jonathan Yaney. "We have completed nine successful flight tests to date, retiring the technical risk as we prepare the way for the construction of our full-size Orbital Launch system. In addition, the team continues to build out a low cost, mass manufactured, satellite product line that will ensure our customers have a uniquely differentiated platform for building space capabilities.
About SpinLaunch
SpinLaunch was founded by Jonathan Yaney, in 2014, to reimagine space launch technology and enable sustainable and easy access to space. The company is building a ground-based, kinetic launch system that delivers a substantially less expensive and environmentally sustainable system to place constellations of small satellites into Low Earth Orbit (LEO). SpinLaunch is based in Long Beach, California, and has built its Suborbital Mass Accelerator at Spaceport America in New Mexico. The company is on target to place satellites into orbit and deliver payloads for spacefaring endeavors by 2026. In 2022, SpinLaunch was named as one of the most innovative companies by TIME Magazine.
More on The Californer
For more information, and videos, visit SpinLaunch.com. Link here for press kit photos
Contacts
Media Contact: Diane Murphy, (Diane@aquariusgroup.net); Tel: +1.310.658.8756.
The round was led by ATW Partners, and includes Kleiner Perkins, GV, ATMA Capital, ONA Capital, Lauder Partners, McKinley Capital, Tyche Partners, as well as John Doerr, Brook Byers, Asher Delug, Chuck Brady, Andrew Farkas, and Greg McAdoo. The Series B financing, which includes equity and debt, brings SpinLaunch's total funding to $150 million.
"In the last two years, even during difficult COVID times, SpinLaunch has shown remarkable and continued success," said Wen Hsieh, General Partner of Kleiner Perkins. "We share in the company's goal to realize the full-potential of the space economy by developing a revolutionary space launch system that is both very low-cost and environmentally-sustainable.
More on The Californer
- Silva Construction Unveils 2026 Design Trends
- California: Governor Newsom announces appointments 12.12.2025
- Interpreters Unlimited Helps NORAD Track Santa in More Languages Than Ever Before
- Quantum Capital Partners Secures $26M Construction Financing to Kickstart Major Mixed-Use Activation
- City of Long Beach Announces Awardees for Love Your Block Mini-Grant Program
"SpinLaunch's mission is to bring the world low-cost, sustainable access to space. We've taken a big step in that direction with the completion of our 33-meter Suborbital Mass Accelerator," explained CEO Jonathan Yaney. "We have completed nine successful flight tests to date, retiring the technical risk as we prepare the way for the construction of our full-size Orbital Launch system. In addition, the team continues to build out a low cost, mass manufactured, satellite product line that will ensure our customers have a uniquely differentiated platform for building space capabilities.
About SpinLaunch
SpinLaunch was founded by Jonathan Yaney, in 2014, to reimagine space launch technology and enable sustainable and easy access to space. The company is building a ground-based, kinetic launch system that delivers a substantially less expensive and environmentally sustainable system to place constellations of small satellites into Low Earth Orbit (LEO). SpinLaunch is based in Long Beach, California, and has built its Suborbital Mass Accelerator at Spaceport America in New Mexico. The company is on target to place satellites into orbit and deliver payloads for spacefaring endeavors by 2026. In 2022, SpinLaunch was named as one of the most innovative companies by TIME Magazine.
More on The Californer
- Updated EasyDesktop 10 organizer is the answer to time-wasting icon overload
- Long Beach Parks, Recreation and Marine Older Adult Program Returns to Expo Arts Center
- TIME's Person of the Year was Made in California
- Stay Connected Cell Service Optional
- Ventura College Foundation Distributes Record $1.16 Million in Direct Student Support
For more information, and videos, visit SpinLaunch.com. Link here for press kit photos
Contacts
Media Contact: Diane Murphy, (Diane@aquariusgroup.net); Tel: +1.310.658.8756.
Filed Under: Business
0 Comments
Latest on The Californer
- Baby Boomers: The Perfect Cash Buyers in Today's Market
- Stray Theories Unveils Falter, an Atmospheric Passage Through the Spaces Between Doubt and Hope
- Holiday Decorations Most Likely to Cause Injuries
- Daniel S. Romero, CFP® Earns Renowned Certification for Fiduciary Excellence
- UK Financial Ltd Confirms Official Corporate Structure of the Maya Preferred Project and Its Dual-Class Token System
- California: Coho salmon are making a comeback in the Russian River for the first time in 30 years
- DKN Hotels Acquires Residence Inn by Marriott San Diego Sorrento Mesa/Sorrento Valley
- CCHR Florida Joins Global Call to Ban Electroshock Treatment, Citing New Evidence of Widespread Patient Harm
- BoxingRx Announces Full Gym Renovation Ahead of New Ownership's One-Year Anniversary
- UK Financial Ltd Announces It's Official Corporate Headquarters In The United Kingdom
- Rigani Press Announces Breakthrough Book for Health IT and Medical Leaders to Forge the Road to Responsible AI
- FreeTo.Chat - The bold, Anonymous Confession Platform, ushers in a new era of tension relief
- Touchless Car Wash in Northridge CA
- California: Governor Newsom, First Partner join LA fire survivors Jude and Rebecca Kessler for 94th annual Capitol Tree lighting ceremony
- YouTube Tag Generator Launches Free SEO Tool to Boost Video Visibility
- In partnership with Berenson Cancer Center, mQOL presents feasibility study results at ASH meeting
- TKP Studios Announces Development of New True-Crime Television Series "Dorothy"
- California: Governor Newsom creates new housing and transportation using nearly $1 billion paid by big polluters
- Big Al's Grime Fighters Opens Limited Spots for New Commercial Clients After Years of High Demand
- Long Beach Health Department Awarded Three Grants to Expand Traffic Safety and Education Programs