Current:Home > MarketsMaine company plans to launch small satellites starting in 2025 -AssetScope
Maine company plans to launch small satellites starting in 2025
View
Date:2025-04-18 13:13:53
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! (7325)
Related
- Could your smelly farts help science?
- Curbside ‘Composting’ Is Finally Citywide in New York. Or Is It?
- Georgia football coach Kirby Smart's new 10-year, $130 million deal: More contract details
- Wayfair’s Way Day 2024 Sale Has Unbeatable Under $50 Deals & up to 80% off Decor, Bedding & More
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- How Texas Diminished a Once-Rigorous Air Pollution Monitoring Team
- A coal miner killed on the job in West Virginia is the 10th in US this year, surpassing 2023 total
- Man fatally shoots his 81-year-old wife at a Connecticut nursing home
- South Korean president's party divided over defiant martial law speech
- A $1 billion Mega Millions jackpot remains unclaimed. It's not the first time.
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Yoga business founder pleads guilty to tax charge in New York City
- Harris is heading to North Carolina to survey Helene’s aftermath one day after Trump visited
- Dodgers' Clayton Kershaw to miss entire 2024 postseason with injury
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- A Tennessee nurse and his dog died trying to save a man from floods driven by Hurricane Helene
- 'It was just a rug': Police conclude search after Columbus woman's backyard discovery goes viral
- Video shows 'world's fanciest' McDonald's, complete with grand piano, gutted by Helene
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
North Carolina lawmakers to vote on initial Helene relief
Love Is Blind’s Hannah Reveals What She Said to Brittany After Costar Accepted Leo’s Proposal
In Philadelphia, Chinatown activists rally again to stop development. This time, it’s a 76ers arena
The company planning a successor to Concorde makes its first supersonic test
Las Vegas Aces need 'edge' to repeat as WNBA champs. Kelsey Plum is happy to provide it.
North Carolina lawmakers to vote on initial Helene relief
Michael Madigan once controlled much of Illinois politics. Now the ex-House speaker heads to trial