SpinLaunch

SpinLaunch, the California-based space startup once best known for trying to fling satellites into orbit with a giant centrifuge, has entered a new phase. The company announced in August that it closed a $30 million Series C funding round, bringing its total raised to about $203 million. Investors include ATW Partners and Kongsberg Defence & Aerospace, which has also committed satellite manufacturing resources to the project. 

A significant union has taken place in the realm of space exploration as space technology firm SpinLaunch and Japan’s Sumitomo Corporation join hands. This strategic partnership aims to redefine the global space industry, bringing together innovation and investment to pave the way for sustainable and affordable space access, according to insiders.