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The First Kickstarter Satellites

article Crowdfunding
The First Kickstarter Satellites
Description Picosatellites are intended to fly into Low Earth Orbit (LEO), a 90-minute orbit around the Earth, the same region the shuttle flew.They are just a bit larger than a soda can and weight 1kg.Over 70 have been launched by universities and labs in the past, and over 30 are in the works.

Team Prometheus (Mar 9-Apr 9, 2011,"Team Prometheus N-Prize Mission") earns the honor of being the first picosatellite mission to use Kickstarter.They sought funds to complete their existing work to finally boost their satellite into orbit.They asked for $20,000, but only picked up $505.

SOURCE LINK to full article:http://www.science20.com/satellite_diaries/first_kickstarter_satellites-93831

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