Maine company plans to launch small satellites starting in 2025

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Maine,Company Representatives,Blushift Aerospace

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...

PORTLAND, Maine — 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.

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.

A technical glitch at the New York Stock Exchange Monday morning led to trading being halted on 40 stocks due to inaccuracies around their share prices, most notably Berkshire Hathaway's class A shares were incorrectly displayed as having plunged 99.9%.

 

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