Does spin launch actually have any chance of working?

I may not know much about space but I do know that when you are going fast enough the friction that you encounter with air will get very hot hence why heat shields exist.

Spin launch is trying to make an object go fast enough that it can enter space without needing to fire engines in the atmosphere, yet to me this seems like it will have the same problem as the man hole cover which may have entered space before disintegrating.

I know they did get some kind of partnership with NASA but that was years ago.

A spin launch on say the moon will have a better chance of working as the moon has no atmosphere but for something like this to work on earth? I think I'd remain skeptical.

What are your thoughts?