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Maine rocket-maker bluShift expects to ramp up launch services in the next few years

Maine rocket-maker bluShift expects to ramp up launch services in the next few years
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With fundraising underway, rocket-maker bluShift looks for coastal launch site

As Brunswick-based bluShift nears its crowd equity funding milestone of $500,000, development continues on the startup's bio-fueled engine. Options are cropping up for a remote coastal site that would accommodate launches over the ocean.

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bluShift Aerospace opens $1 million crowdfunding campaign, starts building next rocket

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 in the world to launch a commercial rocket using bio-derived fuel. Related Founder and CEO of bluShift Aerospace Sascha Deri.

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Rocket-maker bluShift to crowd-fund next capital round

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. Longer term, it hopes to raise $5 million and create 40 aerospace jobs in five years.

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BluShift Aerospace odstartoval s první komerční raketou na biopaliva

BluShift Aerospace odstartoval s první komerční raketou na biopaliva
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