Isn´t this the entire plot of Heinlein's "The Moon is a Harsh Mistress" ?
What spinlaunch is proposing is to use a fairly small circular catapult. The G force involved in that case is huge, something like 4 figures. We can make electronics that can survive that (although this is close to the upper limit), but can we make rocket engines and fuel tanks that sturdy? Personally I doubt it.