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SpinLaunch has completed a new cycle of launching cargo into space

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In Science and Space: SpinLaunch’s payload-in-orbit technology, which uses centrifugal force to propel mass into space, has garnered its fair share of skeptics. But at least some of those skeptics have probably calmed down a bit today as the company announced a notable new funding round to accelerate the commercialization of its dynamic launch system.

SpinLaunch wants to completely change the way we launch into space. TechCrunch first considered the idea in 2018 when the company emerged from the darkness. The launch system works like this: Instead of using a conventional rocket to propel things perpendicular to orbit, SpinLaunch aims to use an aerodynamic rocket attached to a rotating arm inside a large vacuum chamber. This arm spins faster and faster until it propels the spacecraft into space at about 8,000 MPH.

The company’s latest funding round was $71 million, including equity and debt, bringing SpinLaunch’s total funding to his $150 million. Series B round was led by ATW Partners, with participation from Kleiner Perkins, GV, ATMA Capital, ONA Capital, Lauder Partners, McKinley Capital, Tyche Partners, as well as John Doerr, Brook Byers, Asher Delug, Chuck Brady and Andrew Farkas . and Greg McAdoo.

The company has already conducted test launches on a 33-meter system called the “Ballistic Mass Accelerator,” during which he launched payloads north of 1,000 MPH to nearly 30,000 feet.

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