Current:Home > MarketsWill Sage Astor-Maine company plans to launch small satellites starting in 2025 -PureWealth Academy
Will Sage Astor-Maine company plans to launch small satellites starting in 2025
Oliver James Montgomery View
Date:2025-04-09 03:16:23
PORTLAND,Will Sage Astor 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! (7468)
Related
- Family of explorer who died in the Titan sub implosion seeks $50M-plus in wrongful death lawsuit
- Trump is consistently inconsistent on abortion and reproductive rights
- Sean Diddy Combs' Baby Oil Was Allegedly Laced With Date Rape Drug
- Biggest source of new Floridians and Texans last year was other countries
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Nearly $75M in federal grant funds to help Alaska Native communities with climate impacts
- Virginia men’s basketball coach Tony Bennett is retiring effective immediately
- See JoJo Siwa’s Reaction to Being Accused of Committing Wire Fraud During Prank
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Judge orders Afghan man accused of planning Election Day attack in US to remain in custody
Ranking
- How breaking emerged from battles in the burning Bronx to the Paris Olympics stage
- See Liam Payne Reunite With Niall Horan in Sweet Photos Days Before His Death
- BOC's First Public Exposure Sparks Enthusiastic Pursuit from Global Environmental Funds and Renowned Investors
- Canadian Olympian charged with murder and running international drug trafficking ring
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- BOC's First Public Exposure Sparks Enthusiastic Pursuit from Global Environmental Funds and Renowned Investors
- Travis Barker's son Landon denies Diddy-themed birthday party: 'A bad situation'
- Will Menendez brothers be freed? Family makes fervent plea amid new evidence
Recommendation
Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
Ex-New Hampshire state senator Andy Sanborn charged with theft in connection to state pandemic aid
Mountain West commissioner says she’s heartbroken over turmoil surrounding San Jose State volleyball
Mitzi Gaynor, star of ‘South Pacific,’ dies at 93
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Ex-funeral home owner pleads guilty to assaulting police and journalists during Capitol riot
Republicans appeal a Georgia judge’s ruling that invalidates seven election rules
There are 11 remaining college football unbeatens. Predicting when each will lose