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Industries
Aerospace
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$122.5M
Headquarters
Long Beach, California
Founded
2014
SpinLaunch has developed a unique ground-based kinetic launch system that allows for the launch of small satellites into Low Earth Orbit (LEO). This system works by using kinetic energy to propel satellites, which significantly lowers the costs and increases the frequency of launches compared to traditional methods. SpinLaunch targets satellite operators and space agencies that need affordable and scalable solutions for deploying their satellites. What sets SpinLaunch apart from its competitors is its focus on sustainability; its technology not only makes space access more economical but also reduces environmental impact. The goal of SpinLaunch is to provide reliable and frequent access to space while maintaining a commitment to environmentally friendly practices.
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Total Funding
$122.5M
Above
Industry Average
Funded Over
5 Rounds
For the test, SpinLaunch partnered with Portland State University's open-source CubeSat program, OreSat.
Space startup SpinLaunch is fundraising again, though a source tells TechCrunch that it was exploring raising a significantly more ambitious sum earlier
LONG BEACH, Calif.--(BUSINESS WIRE)--SpinLaunch, a pioneering space company enabling rapid and sustainable low-cost access to space, today announced a change of leadership to align with the company’s next stage of growth to expand and commercialize its portfolio of disruptive space solutions. The SpinLaunch Board of Directors has appointed David Wrenn, the company’s current Chief Operating Officer (COO), as the new Chief Executive Officer (CEO), effective immediately. SpinLaunch’s Founder former CEO, Jonathan Yaney, has completed his transition from the company, where he recommended and endorsed Wrenn’s elevation to CEO. “This leadership change is a natural progression for the company as it becomes laser focused on customer development and executing its go-to-market strategy,” said Dómhnal Slattery, SpinLaunch Chairman of the Board. “David has an exemplary history at SpinLaunch having spent the last nine years successfully helming various executive leadership roles across the organization. His deep understanding of the firm’s business and technology uniquely qualifies him to lead the team as CEO and oversee the continued execution of the company’s strategy.”
The SpinLaunch Board of Directors has appointed David Wrenn, the company's current Chief Operating Officer (COO), as the new Chief Executive Officer (CEO), effective immediately.
Aerospace pioneer and investor DĂłmhnal Slattery has been elected Chairman of SpinLaunch's Board of Directors.
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Industries
Aerospace
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$122.5M
Headquarters
Long Beach, California
Founded
2014
Find jobs on Simplify and start your career today