If your thinking of something like whats done on tv in sports to measure the speed of a football or cricket ball, then as far as I know that is done by image processing rather than a black box, the video image is processed by software on a pc and rotational speed calculated from the image, you do of course need a high speed camera for such a thing.
A laser tacho would work but isnt practical, you'd need to keep the laser precisely aimed at the ball, something that the military can do very well, a little complex for an enthusiast however.