News
Space tech firm SpinLaunch has acquired $30 million in financing. The company says it’ll accelerate their satellite constellation deployment.
By: Brad Randall, Broadband Communities
A California company’s development and commercialization of a “highly differentiated” low-Earth orbit (LEO) satellite constellation will be accelerated thanks to $30 million in new financing.
SpinLaunch, the firm behind the broadband satellite constellation’s development, calls the project Meridian Space.
“With this latest capital infusion, SpinLaunch is advancing toward its first customer link in the second half of 2026 and accelerating go-to-market efforts,” the company’s Aug. 18 announcement stated.
According to SpinLaunch, the funding includes money from lead investor ATW Partners, along with a strategic investment from Kongsberg Defence & Aerospace.
The company’s release also said early commercial traction “signals growing demand for a cost-efficient LEO satcom system with open architecture.”
Through comments included in SpinLaunch’s release, SpinLaunch’s chief innovation officer, David Wrenn, discussed where Meridian Space stands.
“Validating our reconfigurable reflectarray antenna through full-scale testing confirms we can deliver multi-band capability without the cost and complexity of traditional designs,” Wrenn said. “This is a critical step toward the development of the Meridian Space constellation and achieving both our technical and operational objectives.”
Once completed, Meridian Space will have a reconfigurable reflectarray antenna, offering a compact, energy-efficient, alternative to conventional satellite antennas, the release explained.
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