Classic Gyroscope The gyroscope has been in production since 1917 and has been a classic educational tool for generations. Use the power of physics to balance the gyroscope on its pedestal, a fingertip, the edge of a glass, or even a string. Gyroscopes are used in robotics, space exploration, and they are even used to stabilize movie cameras. Each gyroscope is packed in a clear styrene box with starting string, pedestal, and instructions for several amazing tricks.