Current:Home > MarketsMaine company plans to launch small satellites starting in 2025 -DataFinance
Maine company plans to launch small satellites starting in 2025
Benjamin Ashford View
Date:2025-04-11 11:24:17
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! (65)
Related
- South Korean president's party divided over defiant martial law speech
- 4 injured during shooting in Memphis where 2 suspects fled on foot, police say
- Tiffany Haddish arrested on suspicion of DUI in Beverly Hills after Thanksgiving show
- Kangaroo playing air guitar wins Comedy Wildlife Photography Awards: See funniest photos
- Sonya Massey's father decries possible release of former deputy charged with her death
- UN confirms sexual spread of mpox in Congo for the 1st time as country sees a record outbreak
- Why Mark Wahlberg Wakes Up at 3:30 A.M.
- Biden tells Americans we have to bring the nation together in Thanksgiving comments
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- 4 Black Friday shopping tips to help stretch your holiday budget
Ranking
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- FDA expands cantaloupe recall after salmonella infections double in a week
- UN chief gives interview from melting Antarctica on eve of global climate summit
- 5 people dead in a Thanksgiving van crash on a south Georgia highway
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Black Friday 2023 store hours: When do Walmart, Target, Costco, Best Buy open and close?
- Spoilers! The best Disney references in 'Wish' (including that tender end-credits scene)
- What's Making Us Happy: A guide to your weekend viewing and listening
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Small Business Saturday: Why is it becoming more popular than Black Friday?
NBA investigating accusation that Thunder’s Josh Giddey had relationship with underage girl
It's the cheapest Thanksgiving Day for drivers since 2020. Here's where gas prices could go next.
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Person dead after officer-involved shooting outside Salem
The second installment of Sri Lanka’s bailout was delayed. The country hopes it’s coming in December
Demonstrators block Macy's Thanksgiving Day Parade in New York to protest for Palestinians