SpinLaunch Raises $40 Million for Radical New Launch System

Bloomberg reports that Silicon Valley startup SpinLaunch has raised $40 million for a new approach to launching small satellites.

The company remains tight-lipped about exactly how this contraption will work, although its name gives away the basic idea. Rather than using propellants like kerosene and liquid oxygen to ignite a fire under a rocket, SpinLaunch plans to get a rocket spinning in a circle at up to 5,000 miles per hour and then let it go—more or less throwing the rocket to the edge of space, at which point it can light up and deliver objects like satellites into orbit.

SpinLaunch’s so-called kinetic energy launch system would use electricity to accelerate a projectile and help do much of the dirty work fighting through gravity and the atmosphere. In theory, this means the company could build a simpler, less expensive rocket that’s more efficient at ferrying satellites. “Some people call it a non-rocket launch,” said [founder Jonathan] Yaney. “It seems crazy. It seems fantastic. But we are actually using relatively low-tech industrial components to break this problem into manageable chunks.”

An impressive group of investors have signed on to support Yaney’s vision. The bulk of the $40 million came from Alphabet Inc.’s GV (formerly Google Ventures), Kleiner Perkins Caufield & Byers and Airbus Ventures.

Infostellar Closes $7.3 Million Series A Round for Satellite Antenna Sharing Platform

Infostellar Management Team with Investor Representatives from 500 Startups Japan, Airbus Ventures, D4V, WERU Investment, FreakOut Holdings. Not pictured: Sony Innovation Fund. (Credit: Infostellar)

TOKYO, Sept. 13, 2017 (Infostellar PR) — Infostellar, developer of a cloud-based satellite antenna sharing platform, announced today a $7.3 million Series A investment, led by Airbus Ventures, with additional funds from WERU Investment, D4V, Sony Innovation Fund, and existing investors, FreakOut Holdings, and 500 Startups Japan. This financing will be used to fund the launch of Infostellar’s flagship platform, StellarStation, expand its network of partner antennas, and hire additional talented team members.

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ELSE Raises $3 Million Seed Round for Internet of Things Constellation

Lausanne, Switzerland (August 10th, 2017) – ELSE SA, the Swiss new space start-up, today announced the funding of a $3 million seed round. The successful capital raise was enabled by a group of investors including Airbus Ventures, a Geneva-based Independent Assets Manager and Multi Family Office, as well as numerous additional Swiss- and internationally-based private investors. The seed round follows $3 million previously raised by the company in public support.

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