Because even if it works, it's still bonkers. Any proposal that involves extreme engineering never done before is going to illicit a lot of skepticism.
And this proposal also catches all the general (often unfounded) skepticism people have regarding space. And it catches the skepticism people have for startups proposing radical new technology. And being a space startup, it catches the skepticism inherent to being Musk-adjacent. Spinlaunch is a perfect storm for raising eyebrows.