Rendering of the SpinLaunch Meridian being deployed to space in a stack. Photo: SpinLaunch

SpinLaunch has raised $30 million for its Low-Earth Orbit (LEO) broadband constellation Meridian Space. 

The funding includes new investment from existing investors, including lead investor ATW Partners. It also includes the previously announced $12 million in strategic investment from Kongsberg Defence & Aerospace, whose subsidiary Kongsberg NanoAvionics, has been contracted to build 280 satellites for the initial constellation. 

Last month, SpinLaunch hired former OneWeb CTO Massimiliano Ladovaz as CEO to lead the Meridian Space plans. Ladovaz led the deployment of the OneWeb constellation and helped establish the Airbus-OneWeb joint venture for manufacturing. 

SpinLaunch said there is “growing demand for a cost-efficient LEO satcom system with open architecture.” The company reports it has completed full-scale testing of its proprietary multi-band reflectarray antenna. The reconfigurable antenna is designed to be energy efficient and scalable, and one of the enabling factors for what Spinlaunch says is an “ultra-low” CapEx design. 

The company says it is targeting its first customer link in the second half of 2026. 

“We’re not just building momentum, we’re earning trust,” Ladovaz said. “From technical milestones to collaboration with early adopters, the continued backing of insiders and partners like Kongsberg underscores the credibility of our approach and the progress we’ve made.”