Abstract: The gyroscopically stabilized magnetic suspension system constitutes a base assembly which itself constitutes a narrow beam source of electromagnetic energy disposed at substantially the radial center of the base assembly. The base assembly also includes a first toroidal magnet surrounding the source of electromagnetic energy, the first toroidal magnet having a polarity transverse to its toroidal plane. Also provided within the base assembly are first anti-spin magnets disposed beyond the outer toroidal radius of the first toroidal magnet, the anti-spin magnets having the same magnetic axis as the first toroidal magnet but, however, having an opposite polarity thereto. The system also constitutes a suspended assembly itself constituting an electromagnetic energy receiving and converting means, and a motor disposed upon the electromagnetic receiving means and powered thereby, the motor having an axis of rotation and alignment with the axial center of the first toroidal magnet.