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SpinLaunch Secures $30M for Low-Cost Satellite Broadband

9/3/2025

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Summary

Story summary

SpinLaunch, a Long Beach space technology company, raised $30 million from existing investors, including ATW Partners and Kongsberg Defence & Aerospace.
The funding will aid in developing Meridian Space, a low-earth orbit satellite broadband system.
SpinLaunch plans to establish its first customer link by late 2026, addressing the growing demand for affordable satellite communication.

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Story summary

SpinLaunch, a Long Beach space technology company, raised $30 million from existing investors, including ATW Partners and Kongsberg Defence & Aerospace.
The funding will aid in developing Meridian Space, a low-earth orbit satellite broadband system.
SpinLaunch plans to establish its first customer link by late 2026, addressing the growing demand for affordable satellite communication.