Launch startup Spinlaunch raises $71 million more in private investment capital

Spinlaunch’s prototype launcher
Capitalism in space: The radical launch startup company Spinlaunch announced yesterday that it has raised an additional $71 million in private investment capital, bringing the total it has raised to $150 million.
Unlike the many rocket startups, Spinlaunch proposes launching payloads using a centrifuge. The image to the right is of its prototype smaller scale launcher, which has already completed several test launches.
The company claims its full scale launcher will begin operations by 2026, but it has not yet revealed where it will be built, which means construction has not yet begun.
Such a launch system cannot be used by any satellite with delicate equipment. The g-forces during launch are too high. However, for getting bulk cargo, like water and fuel into orbit, such a system could become very profitable, if it can be made operational.
Spinlaunch’s prototype launcher
Capitalism in space: The radical launch startup company Spinlaunch announced yesterday that it has raised an additional $71 million in private investment capital, bringing the total it has raised to $150 million.
Unlike the many rocket startups, Spinlaunch proposes launching payloads using a centrifuge. The image to the right is of its prototype smaller scale launcher, which has already completed several test launches.
The company claims its full scale launcher will begin operations by 2026, but it has not yet revealed where it will be built, which means construction has not yet begun.
Such a launch system cannot be used by any satellite with delicate equipment. The g-forces during launch are too high. However, for getting bulk cargo, like water and fuel into orbit, such a system could become very profitable, if it can be made operational.