Current:Home > MarketsMaine company plans to launch small satellites starting in 2025 -StockSource
Maine company plans to launch small satellites starting in 2025
View
Date:2025-04-15 09:42:17
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! (65435)
Related
- Trump issues order to ban transgender troops from serving openly in the military
- Conservation has a Human Rights Problem. Can the New UN Biodiversity Plan Solve it?
- Two mysterious bond market indicators
- US Energy Transition Presents Organized Labor With New Opportunities, But Also Some Old Challenges
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Laid off on leave: Yes, it's legal and it's hitting some workers hard
- Black man who says he was elected mayor of Alabama town alleges that White leaders are keeping him from position
- Kelsea Ballerini Speaks Out After Onstage Incident to Address Critics Calling Her Soft
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Jaden Smith Says Mom Jada Pinkett Smith Introduced Him to Psychedelics
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Illinois Now Boasts the ‘Most Equitable’ Climate Law in America. So What Will That Mean?
- Inside Clean Energy: In California, the World’s Largest Battery Storage System Gets Even Larger
- In the Latest Rights of Nature Case, a Tribe Is Suing Seattle on Behalf of Salmon in the Skagit River
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Lime Crime Temporary Hair Dye & Makeup Can Make It Your Hottest Summer Yet
- Ron DeSantis threatens Anheuser-Busch over Bud Light marketing campaign with Dylan Mulvaney
- Illinois Now Boasts the ‘Most Equitable’ Climate Law in America. So What Will That Mean?
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Where did the workers go? Construction jobs are plentiful, but workers are scarce
A big misconception about debt — and how to tackle it
Pink's Reaction to a Fan Giving Her a Large Wheel of Cheese Is the Grate-est
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Special counsel continues focus on Trump in days after sending him target letter
Activists Deplore the Human Toll and Environmental Devastation from Russia’s Unprovoked War of Aggression in Ukraine
Shawn Johnson East Shares the Kitchen Hacks That Make Her Life Easier as a Busy Mom