As I said here a few years ago, I support this sort of company. VCs are basically stupid, especially for companies that are more complicated than gluing javascript together, and so it’s only just and right that some actual engineers have some fun in the desert for a few years at their expense, and get some experience putting ambitious, if ultimately silly, machines and prototypes together quickly and scrappily for a few years. Then when spinlaunch goes bust, which of course it will as its idea makes zero sense from an engineering pov, there will be a bunch of hardened and experienced engineers who can go and work for people with more of a clue and do something useful. It’s like a well funded extra-curricular student project.