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Airbus and Alphabet invest in "space catapult" startup

Photo by Time Life Pictures/NASA/The LIFE Picture Collection/Getty Images

SpinLaunch, a Silicon Valley-based developer of space catapults, raised $35 million from Kleiner Perkins and venture capital affiliates of Airbus and Google parent Alphabet. It previously raised $5 million.

What? Yes, space catapults. The kind that could sit on earth and basically fling satellites into orbit without using rocket fuel, thus significantly increasing payload capacity.