Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $10,604
13%  
Woo hoo!! And we're now over 13%!! Thank you all very much!! God bless.

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  • Stealth Startup SpinLaunch Raises $40 Million for Radical New Launch Strategy

    06/17/2018 8:32:51 PM PDT · by BenLurkin · 24 replies
    Silicon Valley startup SpinLaunch snagged $35 million in "Series A" funding from some big-name investors, including Airbus Ventures, GV (previously Google Ventures) and Kleiner Perkins, the company announced Thursday (June 14). Another group of investors had already chipped in $5 million. The details of that approach remain mysterious; SpinLaunch has been in stealth mode since its 2015 founding. (The company's website requires a login.) But the basics involve accelerating "the launch vehicle to hypersonic speeds using ground-based electricity," SpinLaunch CEO Jonathan Yaney said in the same statement. "Applying the initial performance boost from a terrestrial-based launch platform enables us to...