SpinLaunch

SpinLaunch

Ground-based kinetic launch system for satellites

About SpinLaunch

Simplify's Rating
Why SpinLaunch is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Aerospace

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$122.5M

Headquarters

Long Beach, California

Founded

2014

Overview

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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Simplify's Take

What believers are saying

  • Partnership with Sumitomo expands SpinLaunch's market reach in Asia.
  • Successful flight tests boost confidence in SpinLaunch's technology among clients.
  • David Wrenn's appointment as CEO could enhance go-to-market strategy execution.

What critics are saying

  • Scaling kinetic launch system for larger payloads may face technological challenges.
  • Leadership transition might cause strategic misalignments or operational disruptions.
  • Unmet fundraising goals could hinder technology scaling and commercialization.

What makes SpinLaunch unique

  • SpinLaunch uses a kinetic launch system, reducing costs for small satellite launches.
  • The company focuses on sustainability, minimizing environmental impact in space launches.
  • SpinLaunch offers high-frequency launches, meeting demand for rapid satellite deployment.

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Funding

Total Funding

$122.5M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

↓ -3%

1 year growth

↑ 0%

2 year growth

↓ -1%
Gizmodo
Dec 9th, 2024
Space Startup Spins the Living Crap Out a Satellite-and It Actually Survived

For the test, SpinLaunch partnered with Portland State University's open-source CubeSat program, OreSat.

TechCrunch
Dec 3rd, 2024
Exclusive: SpinLaunch raises $11M but hoped to raise much more, source says

Space startup SpinLaunch is fundraising again, though a source tells TechCrunch that it was exploring raising a significantly more ambitious sum earlier

Business Wire
May 10th, 2024
Spinlaunch Board Announces Leadership Transition

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.”

Morningstar
May 10th, 2024
SpinLaunch Board Announces Leadership Transition

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.

Bakersfield.com
Oct 31st, 2023
SpinLaunch Announces New Leadership Roles to Accelerate the Commercialization of Low-Cost, High-Performance Space Solutions

Aerospace pioneer and investor DĂłmhnal Slattery has been elected Chairman of SpinLaunch's Board of Directors.

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