Current:Home > MarketsMaine company plans to launch small satellites starting in 2025 -Visionary Wealth Guides
Maine company plans to launch small satellites starting in 2025
View
Date:2025-04-13 10:03:09
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! (55)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- Man dies parachuting on the South Rim of the Grand Canyon
- Paris Olympics highlights: Simone Biles, Katie Ledecky win more gold for Team USA
- Parties in lawsuits seeking damages for Maui fires reach $4B global settlement, court filings say
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- More US schools are taking breaks for meditation. Teachers say it helps students’ mental health
- Watch these Oklahoma Police officers respond to a horse stuck in a swimming pool
- One Extraordinary (Olympic) Photo: Vadim Ghirda captures the sunset framed by the Arc de Triomphe
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Olympics 2024: China Badminton Players Huang Yaqiong and Liu Yuchen Get Engaged After She Wins Gold
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Kentucky football, swimming programs committed NCAA rules violations
- Noah Lyles gets second in a surprising 100m opening heat at Olympics
- That's not my cat... but, maybe I want it to be? Inside the cat distribution system
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Ohio is expected to launch recreational marijuana sales next week
- Algerian boxer Imane Khelif wins again amid gender controversy at Olympics
- Who are the Americans still detained in Russian prisons? Here's the list.
Recommendation
Trump's 'stop
Mariah Carey is taking her Christmas music on tour again! See star's 2024 dates
TikTok’s Most Viral Products Are on Sale at Amazon Right Now Starting at $4.99
Tropical Glaciers in the Andes Are the Smallest They’ve Been in 11,700 Years
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
1 of 3 killed in Nevada prison brawl was white supremacist gang member who killed an inmate in 2016
Katie Ledecky cements her status as Olympic icon with 9th gold, 12 years after her first
How Noah Lyles plans to become track's greatest showman at Paris Olympics and beyond