On Tuesday, Spaceport America, the world’s first purpose-built commercial spaceport, and SpinLaunch, an innovative new space company revolutionizing access to space, celebrated the ground-breaking of SpinLaunch’s future test facility at Spaceport America.
Attending the groundbreaking ceremony was Dan Hicks, CEO, Spaceport America, Alicia Keyes, Cabinet Secretary for Economic Development for the State of New Mexico, and Jonathan Yaney, founder and CEO of SpinLaunch, among New Mexico government and business leaders, and students from area universities.
In January, Spaceport America announced a new lease agreement that will facilitate testing for the new launch company. The new agreement enables SpinLaunch to develop a $7 million construction project, adding 20 new jobs in New Mexico at the Spaceport.
SpinLaunch, which was founded in 2014, and last year announced a $40 million Series A financing round funded by Airbus Ventures, Google Ventures and Kleiner Perkins, is developing disruptive launch technology with an environmentally responsible kinetic energy-based launch system that will provide the world’s lowest-cost orbital launch services for the rapidly growing small satellite industry.
The responsive launch system will allow for on-demand launches of small satellites in virtually any weather at an order of magnitude lower cost and higher frequency than any existing or proposed launch system.
“We are excited to be developing our first flight test site at Spaceport America,” remarked Jonathan Yaney, CEO, SpinLaunch. “The state of New Mexico historically has been the genesis of innovation in aerospace going back to the early days of rocketry and we are proud to continue this tradition. The commercial space market is expected to grow to a trillion dollar industry within the decade and this new agreement with Spaceport America will expedite our ability to service that emerging market.”
“I’m excited to welcome an innovative company like SpinLaunch to our state,” Gov. Lujan Grisham said. “Aerospace has tremendous potential as an economic driver, and any step we take that encourages the growth of an industry that can put New Mexicans to work and catalyze our local communities is a very positive development.”
“The citizens of New Mexico have supported Spaceport America to enable a new revolution in space systems,” said Dan Hicks, CEO, Spaceport America. “SpinLaunch, with its new configuration to employ kinetic energy, is truly one of the most exciting new ventures to enter the space industry and we are excited to be part of their growth – and in turn enable the growth of the small satellite market.”
“In New Mexico space is not the final frontier, it’s the next frontier,” said Cabinet Secretary Alicia J. Keyes of the Economic Development Department. “We have the facility, we have the talent and we have the air space, to grow the aerospace industry and be a permanent home to SpinLaunch and other companies.”