SpinLaunch, a leader in next-generation space innovation, announced a strategic $12 million investment from Kongsberg Defence and Aerospace (KDA), marking a significant milestone in the unveiling of Meridian Space-an advanced low-Earth orbit (LEO) satellite broadband constellation designed to redefine global connectivity.
Unlike traditional satellite networks, Meridian Space is engineered to achieve full global coverage with just one conventional rocket launch. This groundbreaking approach deploys 250 next-generation microsatellites, each powered by SpinLaunch’s proprietary technologies aimed at delivering scalable, sustainable, and cost-efficient satellite communications.
“SpinLaunch was founded on a bold commitment to deliver a more sustainable, cost-effective approach to launching satellite constellations – a vision that logically involved considering our own global network from the outset,” said David Wrenn, CEO of SpinLaunch. “Starting in 2020, we accelerated that vision and ramped up development of the constellation, and we are now excited to officially bring our low-cost, dynamic communications service to enterprise customers worldwide.”
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Strategic Partnership with Kongsberg to Accelerate Global Connectivity
The $12 million investment from Kongsberg Defence and Aerospace, a global authority in defense and aerospace technology, will support the further development and commercialization of Meridian Space. This collaboration brings together two industry innovators united by a shared mission: delivering accessible, sustainable space solutions on a global scale.
“The Meridian Space solution, supported by Kongsberg, will offer significantly higher broadband capacity in a satellite constellation compared with what is available on the market today,” said Eirik Lie, President of Kongsberg Defence & Aerospace. “Kongsberg’s decision to partner with SpinLaunch reflects our belief in their innovative approach to satellite communications.”
“We’re thrilled to welcome Kongsberg as a partner and investor, underscoring the strength and maturity of our satcom system,” added Matthew Mejía, CFO & Chief Strategy Officer of SpinLaunch. “Their reputation and global footprint in defense and technology give us an invaluable edge as we move forward.”