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SpinLaunch Announces $12M Strategic Investment from Kongsberg, Unveiling Revolutionary LEO Satcom Constellation

SpinLaunch Announces $12M Strategic Investment from Kongsberg, Unveiling Revolutionary LEO Satcom Constellation

April 8, 2025 Craig Etkin
  • Secures $12M investment from Kongsberg Defence & Aerospace supporting the development and commercialization of Meridian Space, SpinLaunch’s highly differentiated low-earth orbit (LEO) satcom constellation
  • Signs NanoAvionics as exclusive satellite supplier for initial tranche of 280 satellites
  • Continues commitment to low-cost, high-cadence kinetic launch by partnering with The Aleut Corporation to develop the Orbital Launch System on Adak, Alaska

LONG BEACH, Calif.–(BUSINESS WIRE)–SpinLaunch, a pioneer of disruptive space solutions, today announced a $12M strategic investment from Kongsberg Defence and Aerospace, unveiling Meridian Space, an ultra-high performance, low-earth orbit (LEO) satellite broadband constellation. The constellation can uniquely provide global coverage with only one traditional rocket launch deploying 250 next-generation microsatellites that leverage a proprietary suite of groundbreaking technologies.

Meridian Space is taking a fundamentally new approach to space-based broadband by combining advanced technologies never before deployed in a commercial satellite network.Share

“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.”

Kongsberg $12M Strategic Investment and Partnership

The company is proud to announce that Kongsberg Defence and Aerospace (KDA) – a global leader in the defense and aerospace sectors – has made a $12 million investment to support the development and commercialization of the constellation. This partnership underscores both organizations’ commitment to delivering affordable and sustainable space services worldwide.

“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,” said 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.”

Kongsberg NanoAvionics as Exclusive Satellite Supplier

The strategic partnership extends to Kongsberg NanoAvionics (KNA), which SpinLaunch has selected as the exclusive satellite supplier for the initial deployment of 280 satellites. Leveraging its extensive flight heritage and cutting-edge manufacturing capabilities, NanoAvionics will play a critical role in enabling Meridian’s phased deployment plan, with development of the in-orbit demonstrator (IOD) – planned for 2026 – already underway.

“After an extensive industry evaluation, we selected NanoAvionics for their demonstrated flight heritage and high-performance satellites,” said David Wrenn, CEO of SpinLaunch. “NanoAvionics’ modular smallsat systems give us a reliable foundation to scale our constellation quickly and confidently.”

“Our collaboration with SpinLaunch is a clear example of how NanoAvionics enables complex satellite missions with standardized, scalable technology,” said Atle Wøllo, CEO of NanoAvionics. “Their team has an impressive track record in disruptive engineering which, combined with NanoAvionics’ industry-leading small satellites, will open a new chapter in the NewSpace industry and satellite communications.”

Learn more about the partnership with NanoAvionics: https://nanoavionics.com/news/nanoavionics-secures-e122-5m-contract-to-build-280-satellites-for-meridian-space-spinlaunchs-global-broadband-constellation/

Watch the NanoAvonics/SpinLaunch partnership video: https://youtu.be/0a4Uo7X_7HY

A Highly Differentiated LEO Satcom System

Meridian Space is taking a fundamentally new approach to space-based broadband by combining advanced technologies never before deployed in a commercial satellite network. Its ultra-efficient reflectarray antenna technology lowers satellite mass and size, significantly reducing capital expenses and the complexities of bringing the system to market. A unique orbital architecture featuring a repeating ground track simplifies user terminals and gateways by eliminating the need for expensive 2D scanning antennas. Each design decision reflects a targeted response to long-standing technical constraints, collectively forming a differentiated satcom network and ushering in a new model for scalable, cost-effective LEO connectivity. Over time, Meridian Space will deliver dozens of terabits per second of global capacity with a constellation of 1,190 high-throughput satellites, as originally outlined in the company’s 2021 spectrum fillings.

Learn more about Meridian Space: www.spinlaunch.com/meridianspace

SpinLaunch Partners with Aleut; Signs Land Lease in Adak, Alaska

SpinLaunch remains committed to advancing its low-cost, high-cadence, sustainable kinetic launch system. After a successful test flight campaign with the Suborbital Accelerator at Spaceport America in New Mexico and significant progress in ruggedizing spacecraft for SpinLaunch’s unique launch conditions, the company and The Aleut Corporation (Aleut) – the Alaska Native regional corporation for the Aleutian and Pribilof Islands of Alaska – have signed an exploratory lease agreement to develop a state-of-the-art launch site on Adak Island. The agreement establishes the foundation for a long-term collaboration that capitalizes on Adak’s unique geographic and logistical advantages, with plans to create a cutting-edge facility that will position Adak as a key player in the rapidly expanding global space industry.

Learn more about SpinLaunch’s partnership with Aleut and our plans for the Orbital Launch System: https://aleutcorp.com/aleut-updates/aleut-partners-with-spinlaunch/

About SpinLaunch

SpinLaunch is a space technology company revolutionizing how we access and operate in space. Founded in 2014 and headquartered in Long Beach, California, the company has demonstrated a fundamentally new approach to space launch through a groundbreaking series of flight tests with its 33-meter Suborbital Accelerator. In 2025, SpinLaunch unveiled Meridian Space, a highly differentiated LEO satellite constellation. Backed by leading investors, customers, and suppliers, Meridian Space is designed to deliver affordable, resilient connectivity with fewer traditional launches, faster deployment timelines, and breakthrough economics.

Contacts

Media Contact:
Jan Helbing, VP of Sales & Marketing
jan@spinlaunch.com

(c)2025 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, Long Beach, SpinLaunch, Venture Capital

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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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