This is just investor bait.
Remarkably, this process eliminates the need for rocket fuel
No, it doesn't. It's physically impossible to fling something into orbit from earth.
You can fling it into space, but you need a circularization burn or it will just fall back down.
And since you can't accelerate anything past Mach 5 or so inside the atmosphere, the circularization burn will need to be 90% of the delta V.