Current:Home > MarketsMaine company plans to launch small satellites starting in 2025 -Wealth Evolution Experts
Maine company plans to launch small satellites starting in 2025
View
Date:2025-04-11 21:33:57
PORTLAND, Maine (AP) — Representatives for a Maine company that plans to send small satellites into space from the Northeast’s most rural state said they will start launches next year.
Brunswick-based bluShift Aerospace hopes to turn Maine into a hub for the launching of commercial nanosatellites and has been making progress toward that goal for more than three years. A successful recent round of fundraising means a commercial suborbital launch is on track to start in 2025, company officials said Tuesday.
The small satellite market currently relies on large companies, such as Elon Musk’s SpaceX, for deployment of satellites, and that leads to long wait times, said bluShift CEO and founder Sascha Deri. Launching small satellites from Maine can change that, Deri said.
“We see an enormous need for dedicated, small-lift satellite deliveries to space,” Deri said, adding that customers are “seeking rapid, affordable access to space and direct delivery to their desired orbit.”
The company’s progress on launching small satellites is happening during a time of tremendous growth in the industry, company representatives said.
The concept of small satellites was essentially an academic exercise two decades ago and the technology has since become one of the fastest growing in the satellite industry, bluShift representatives said. The worldwide market for a class of small satellites called CubeSats was valued at $210 million in 2021 and is expected to be worth more than four times that by 2030, the company said.
bluShift plans to use a pre-existing spaceport for initial launches and begin using Maine’s rural, remote Downeast coastline as a headquarters for launches as soon as 2026, company officials said. The company said it thinks the rural coast is a good location because it provides launch opportunities over the Atlantic Ocean directly into polar orbit with little interference.
The company launched a 20-foot prototype rocket to an altitude of more than 4,000 feet in its first test run in 2021. The rocket simulated a small payload by carrying stroopwafels, Dutch cookies.
bluShift also said Tuesday that Brady Brim-DeForest, managing partner at Late Stage Capital of Houston, will become chairman of the board of directors. Brim-DeForest said the company’s use of non-toxic biofuel and reusable rockets will help with its mission of “democratizing access to orbit.”
veryGood! (4)
Related
- DoorDash steps up driver ID checks after traffic safety complaints
- Lea Michele Shares Health Update on Son Ever, 2, After His Hospitalization
- How to see the Da Vinci glow illuminate the crescent moon this week
- Bachelor Nation's Hannah Brown and Boyfriend Adam Woolard Are Taking a Major Step in Their Relationship
- North Carolina justices rule for restaurants in COVID
- Mandy Moore Reveals Plans for Baby No. 3 With Husband Taylor Goldsmith
- Pottery Barn's 40% Off Warehouse Sale Has the Best Spring Home Decor, Furniture & More Starting at $6
- Behati Prinsloo Shares First Photo of Baby No. 3 With Adam Levine as Family Supports Singer in Vegas
- The Best Stocking Stuffers Under $25
- Johnny Depp Shares About Life in Rural England and Being Shy During Rare Interview
Ranking
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- At-home DNA test kits can tell you many things. Race shouldn't be one of them
- Here’s Why TikTok Is So Obsessed With e.l.f. Makeup — and Why You Will Be, Too
- Bipartisan immigration bill would boost border funds, expand lawful migration and legalize some immigrants
- Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
- As U.S. abortion laws tighten, more Americans are looking overseas for access. Here's what's happening.
- State Department offers to share classified dissent cable on Afghanistan withdrawal with key lawmakers
- Real Housewives of Salt Lake City Star Jen Shah's Prison Sentence Reduced By One Year
Recommendation
Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
The 38 Most Popular Amazon Items E! Readers Bought This Month
VP Harris becomes the first woman to give a West Point commencement speech
Dwayne Johnson's Daughters Give Him a Pink Makeover in Cute Family Video
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Ice-T Shares His Steamy Secrets to Successful Marriage With Coco Austin
These John Wick Franchise Secrets Are Quite Continental
Migrants are frustrated with the border app, even after its latest overhaul