Current:Home > MarketsMaine company plans to launch small satellites starting in 2025 -TradeGrid
Maine company plans to launch small satellites starting in 2025
View
Date:2025-04-16 15:28:39
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! (3)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Why Danielle Jonas Sometimes Feels Less Than Around Sisters-in-Law Priyanka Chopra and Sophie Turner
- One mom takes on YouTube over deadly social media blackout challenge
- This airline is weighing passengers before they board international flights
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Pump Up the Music Because Ariana Madix Is Officially Joining Dancing With the Stars
- The U.S. dollar conquered the world. Is it at risk of losing its top spot?
- Q&A: How White Flight and Environmental Injustice Led to the Jackson, Mississippi Water Crisis
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Inside Clean Energy: Here Are The People Who Break Solar Panels to Learn How to Make Them Stronger
Ranking
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Unions are relieved as the Supreme Court leaves the right to strike intact
- Chicago-Area Organizations Call on Pritzker to Slash Emissions From Diesel Trucks
- Grimes used AI to clone her own voice. We cloned the voice of a host of Planet Money.
- Louvre will undergo expansion and restoration project, Macron says
- Boeing finds new problems with Starliner space capsule and delays first crewed launch
- In Pakistan, 33 Million People Have Been Displaced by Climate-Intensified Floods
- Inside Clean Energy: Here’s a Cool New EV, but You Can’t Have It
Recommendation
The White House is cracking down on overdraft fees
Text scams, crypto crackdown, and an economist to remember
Our first podcast episode made by AI
Extreme Heat Poses an Emerging Threat to Food Crops
The Daily Money: Spending more on holiday travel?
Drifting Toward Disaster: the (Second) Rio Grande
Clean-Water Plea Suggests New Pennsylvania Governor Won’t Tolerate Violations by Energy Companies, Advocates Say
Unions are relieved as the Supreme Court leaves the right to strike intact