SpinLaunch Raises $71M Series B Round
Summary
LONG BEACH, CA, 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 worlds first kinetic launch system and satellite product line, designed to provide low-cost, high-cadence, environmentally responsible space access. The Series B financing, which includes equity and debt, brings SpinLaunchs total funding to $150 million. 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.
Funding
Amount
$71.0M
Total raised
Date
September 20, 2022
Announcement date
Investors
Video Island
Lead investors
Company
-
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
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