SpinLaunch has completed a $30 million Series C funding round, led by ATW Partners and Norway's Kongsberg Defence and Aerospace. The capital lifts the start-up's total cash haul to $203 million, with the latest tranche showing confidence in its Flash Gordon take on sending satellites into orbit.
The startup is developing a kinetic launch system it says will cut satellite deployment costs by using centrifugal acceleration to hurl objects into space. As part of the long-term goal, it is designing satellites for Meridian Space, a low earth orbit broadband constellation system it hopes is ready for commercial use by 2030. Kongsberg's NanoAvionics subsidiary is under contract to manufacture 280 satellites when the tech is ready for production.
