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Maine's bluShift Aerospace Raises More Than $200,000 In Crowd-Sourcing Campaign


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 that s so expensive as rocket development, by the time you get through those rounds, you end up not being an owner, and there s a very heavy push, especially in the aerospace industry, to sell your company off to a really large defense company. ....

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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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