Current:Home > MarketsMaine company plans to launch small satellites starting in 2025 -RiseUp Capital Academy
Maine company plans to launch small satellites starting in 2025
View
Date:2025-04-18 23:37:22
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! (56)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Who is Tim Walz? Things to know about Kamala Harris’ choice for vice president
- TikToker David Allen, Known as ToTouchAnEmu, Mourns Death of 5-Week-Old Baby Girl
- Caroline Marks wins gold for US in surfing final nail-biter
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Oakland A’s to sell stake in Coliseum to local Black development group
- 3rd set of remains with bullet wounds found with possible ties to 1921 Tulsa Race Massacre
- Elon Musk sues OpenAI, renewing claims ChatGPT-maker put profits before ‘the benefit of humanity’
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Trial starts in case that seeks more Black justices on Mississippi’s highest court
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- Nick Cannon Confirms He “Absolutely” Would Get Back With Mariah Carey
- Save 75% on Lands' End, 70% on Kate Spade, 60% on Beyond Yoga, 60% on Wayfair & Today's Best Deals
- UK prime minister talks of ‘standing army’ of police to deal with rioting across Britain
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Is this a correction or a recession? What to know amid the international market plunge
- Bloomberg gives $600 million to four Black medical schools’ endowments
- 'Billions' and 'David Makes Man' actor Akili McDowell, 21, charged with murder
Recommendation
South Korean president's party divided over defiant martial law speech
Gabby Thomas leads trio of Americans advancing to 200 track final at Paris Olympics
TikToker David Allen, Known as ToTouchAnEmu, Mourns Death of 5-Week-Old Baby Girl
New Study Reveals Signs of an Ancient Tundra Ecosystem Beneath Greenland’s Thickest Ice
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Jessica Simpson Addresses “Misunderstood” Claim About Her Sobriety
'It's where the texture is': Menswear expert Kirby Allison discusses Italian travel series
Incumbent Maloy still leads after recount in Utah US House race, but lawsuit could turn the tide