Trending...
- Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: ASTI - 118
- Fact check: Claims swirling on California gas prices - 109
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
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
- California: National Guard firefighters finally back to work — but Trump's militarization of LA has pulled cops from the street and teachers out of classrooms
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Independent Financial Group Expands East Coast Recruiting Reach with the Hiring of Former Osaic Executive Bruce Levitus
- Talbot Law Group, P.C. Announces Super Lawyers® 2025 Honors for Matthew B. Talbot and Mark E. Miyasaki
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
"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
- California: Governor Newsom challenges President Trump to adopt model executive order to help 'Make America Rake Again'
- Long Beach Airport Named Number Two Airport in Nation by The Washington Post
- Dedeaux Properties Begins Construction on Truck Terminal and Industrial Outdoor Storage Facility
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
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
- AI Performs Virtual Tissue Staining at Super-Resolution
- Online Distribution of the Summer 2025 Diamond Certified Directory Update Begins
- California: Governor Newsom proclaims Immigrant Heritage Month 2025
- California: Department of Defense agrees: it's time for Trump's militarization of Los Angeles to end
- Long Beach: City Launches Internet Service Enrollment Line
- Von Rock Law Founder Deidre Von Rock Named Super Lawyer for 2025
- California: Governor Newsom extends emergency short-term housing protections in Los Angeles
- Von Rock Law Named SFGate's Best Probate and Estate Attorney in 2025
- Long Beach to Conduct Annual Summer Recess for City Council Meetings During July
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- Montessori Stoppani Partners with Lifetime Montessori School
- Cymbiotika Celebrates 2025 Great Place To Work Certification™
- Long Beach: LA28 Announces Finalized Sailing Venue Plan for 2028 Olympic Games
- Individual Software Announces New Versions of its Four Typing Programs in 2025
- Britt Michaelian Brings Transformative Art & Wellness to The Ecology Center's Peace Dome
- California: Governor Newsom urges safety this Fourth of July after 600,000 pounds of illegal explosives seized
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- Mental and Emotional Self-Management, Practical Tools for Trauma-Informed Stress Management