![]() SpinLaunch's first suborbital flight utilized about 20% of the accelerator's full power capacity for the launch, and reached a test altitude "in the tens of thousands of feet," according to Yaney. "We can essentially validate our aerodynamic models for what our orbital launch vehicles are going to be like and it allows us to try out new technologies when it comes to release mechanisms," Yaney said. The suborbital projectile is about 10 feet long, but "goes as fast as the orbital system needs, which is many thousands of miles an hour," Yaney added. The vacuum chamber holds a rotating arm, which Yaney said accelerates the projectile to high speed and then, "in less than a millisecond," releases the vehicle for launch. SpinLaunch has raised $110 million to date, from investors including Kleiner Perkins, Google Ventures, Airbus Ventures, Catapult Ventures, Lauder Partners and McKinley Capital. "We had to prove to ourselves that we could actually pull this off." "I find that the more audacious and crazy the project is, the better off you are just working on it – rather than being out there talking about it," Yaney said. SpinLaunch has largely stayed quiet until now, which Yaney explained was due to the ambitions of the company. 22 at Spaceport America in New Mexico marks a major milestone in the company's progress. "This is about building a company and a space launch system that is going to enter into the commercial markets with a very high cadence and launch at the lowest cost in the industry."įounded in 2014 by Yaney, SpinLaunch's successful test on Oct. "It's a radically different way to accelerate projectiles and launch vehicles to hypersonic speeds using a ground-based system," SpinLaunch CEO Jonathan Yaney told CNBC. Personal Loans for 670 Credit Score or Lower ![]() Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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