Page 21 - Shift Aerospace News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BluShift Aerospace opens $1 million crowdfunding campaign, starts building next rocket The Brunswick-based rocket company successfully launched its first rocket back in January. Courtesy of bluShift Aerospace Brunswick-based rocket company bluShift Aerospace recently launched a crowdfunding campaign with a goal of just over $1 million. As of Sunday, the company had raised $278,000 of the $300,000 goal in the initial family and friends round. BluShift, which operates out of Brunswick Landing, made headlines in January for becoming the first in Maine to launch a commercial rocket and the first...

Read Article LEWISTON — “Do You Know Why Maine is a Great Place to Launch a Rocket?” is the University of Southern Maine Lewiston-Auburn Senior College’s April Food for Thought program. Sascha Deri, founder and CEO of bluShift Aerospace in Brunswick, will explain the advantages to launching a rocket from Maine, and the many uses for small satellites in space. This presentation will be shown at 4 p.m. Friday April 16, on Zoom. Sascha Deri Contributed photo Deri’s company is not only creating the rockets to launch a variety of sizes of satellites, but also powering them with sustai...

bluShift Aerospace's Stardust 1.0 rocket, launched in Feb. 2021. Maine rocket company bluShift Aerospace says it has raised more than $200,000 in the first phase of a crowd-sourcing campaign. Company founder and chief executive Sascha Deri says positive reaction to the company's first launch last January convinced him to avoid big venture capital donors, for now. "The fundamental reason why we really like this concept of crowd equity funding is that it really allows us to keep this company in Maine and maintain control over it," he says. "By the time you get to the end, especially something t...

In keeping with its nature as an innovative company in the “New Space” industry, Brunswick manufacturer bluShift Aerospace is opting away from conventional venture capital and angel investment for its next round of capital. Instead, the startup is turning to "crowd equity funding," which takes crowdfunding to the next level by allowing small investors to take a small equity stake in the company. BluShift set its first goal to raise $1.07 million this way. The company will use the funds to further develop rockets using its proprietary bio-derived rocket fuel and modular hybrid engine. Lo...

Image: SpaceX Today, the aerospace industry is going through a boom in small satellite launches. Increased demand for small satellites has led to a boom in building small launchers to place spacecraft into calculated orbits. Plenty of companies across the globe are developing new rocket launch technologies and attracting both government and private funds. Will the small rocket companies be profitable in the long run? Top companies developing small rockets  A Scottish company is working on its Skylark Micro rocket with a payload capacity of up to 1 kg. German aerospace co...