Current:Home > MarketsMaine company plans to launch small satellites starting in 2025 -Wealth Nexus Pro
Maine company plans to launch small satellites starting in 2025
View
Date:2025-04-13 23:27:06
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! (769)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- Takeaways from AP’s report on sanctioned settlers in the West Bank
- World Cup skier and girlfriend dead after tragic mountain accident in Italy, sports officials say
- Tim Scott, a potential Trump VP pick, launches a $14 million outreach effort to minority voters
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Wisconsin warden, 8 staff members charged following probes into inmate deaths
- How Ariana Grande's Brother Frankie Grande Feels About Her Romance With Ethan Slater
- The carnivore diet is popular with influencers. Here's what experts say about trying it.
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Over 20,000 pounds of beef products recalled for not being properly inspected, USDA says
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- A court ruling will allow new student housing at University of California, Berkeley’s People’s Park.
- 8 dead, dozens hospitalized after drinking bootleg alcohol in Morocco
- A look back at D-Day: Why the World War II invasion remains important on its 80th anniversary
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Takeaways from AP’s report on sanctioned settlers in the West Bank
- D-Day 80th anniversary: See historical photos from 1944 invasion of Normandy beaches
- What is Hunter Biden on trial for? The gun charges against him, explained
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
When Calls the Heart's Mamie Laverock “Fighting Hard” in Hospital After Balcony Fall
D-Day paratroopers honored by thousands, including CBS News' Charlie D'Agata, reenacting a leap into Normandy
Save 50% on Aerie Swimwear, 30% on Frontgate, 25% on Kiehl's, 50% on REI & More Deals
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Memphis police checking if suspect charged with killing homeless man has targeted others
Jeep Wagoneer excels as other large SUVs fall short in safety tests
MotorTrend drives Porsches with 'Bad Boys' stars Will Smith and Martin Lawrence