{"id":708,"date":"2026-05-22T12:04:15","date_gmt":"2026-05-22T12:04:15","guid":{"rendered":"https:\/\/coloradospringsmoverss.com\/?p=708"},"modified":"2026-05-22T12:04:15","modified_gmt":"2026-05-22T12:04:15","slug":"colorado-based-startup-rocket-engine-company-looking-to-create-460-jobs","status":"publish","type":"post","link":"https:\/\/coloradospringsmoverss.com\/?p=708","title":{"rendered":"Colorado-based startup rocket engine company looking to create 460 jobs"},"content":{"rendered":"
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A startup aerospace company that 3D prints small rocket engines with far fewer parts is considering the Boulder area for a new headquarters, manufacturing plant and testing facility.<\/p>\n

Read more Memorial Day travel to include traffic surge in Colorado\u2019s mountains over weekend<\/a><\/p>\n

LEAP Space, currently based in Lafayette, received $8 million in state tax credits on Thursday as it ramps up the manufacturing of its cutting-edge rocket engines in Colorado.<\/p>\n

The Job Growth Incentive Tax Credits, approved by the Colorado Economic Development Commission, are conditioned on the company creating up to 460 new jobs over the next eight years.<\/p>\n

The jobs will pay an average annual wage of $149,960, which is 153% of the average annual wage in Boulder County. Engineering, executive, manufacturing, operations, strategy, and finance positions are on the launch pad.<\/p>\n

Companies must consider other states to apply for state tax incentives, and Project Onshore is also weighing relocating to Texas or New Mexico.<\/p>\n

OEDIT assigns code names to protect the anonymity of companies seeking incentives, and LEAP Space was given the name Project Onshore.<\/p>\n

But LEAP Space co-founder and President Ryan Rollon\u00a0didn\u2019t try to hide his identity during the meeting.<\/p>\n

\u201cWe are growing very rapidly and excited about the opportunity to grow in Colorado. We appreciate your confidence in our vision,\u201d Rollon told commissioners via a Zoom call.<\/p>\n

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Rollon received his training at Purdue before moving to Colorado, where he launched Upshot Ventures in an engineering and design office in the Berkeley neighborhood in northwest Denver.<\/p>\n

Upshot developed the OPTIMUS turbomachinery system for small satellite rocket engines.<\/p>\n

Using 3D printing technology and proprietary metallurgy and alloy formulations, OPTIMUS shrunk down the number of parts needed for small satellite rocket engines.<\/p>\n

Read more CU Buffs AD Fernando Lovo pleased with progress early in tenure<\/a><\/p>\n

In the case of the Bighorn launch vehicle, LEAP Space claims to have achieved a 90% reduction in the number of parts required.<\/p>\n

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Fewer parts mean a smaller chance for catastrophic failures on any given part, fewer joints and seams that can burst under pressure and less weight.<\/p>\n

LEAP Space also has tighter control of its supply chain and can rapidly improve its designs after testing, a big plus when it comes to perfecting rockets for commercial use.<\/p>\n

One of the company\u2019s mottos: \u201cComplexity is the enemy of speed.\u201d<\/p>\n

Beyond the direct jobs it will create, LEAP Space estimates it will contribute to more than 500 indirect jobs, spend $70 million on local contracts, and generate $300 million in economic benefits.<\/p>\n

The Colorado Venture Capital Authority is backing LEAP Space, which has also participated in the Colorado APEX Accelerator, which helps startups navigate the world of government and defense contracting.<\/p>\n

The commission also approved a $2.5 million award for Project Cobra, a precision electronics company that is looking to create 154 jobs in Pueblo County.<\/p>\n

Those jobs, focused on pyrotechnics and \u201cenergetic\u201d products, will pay an average annual wage of $57,169, which is just above the county average. The company behind Project Cobra has 867 employees, none of whom are in Colorado.<\/p>\n

A third aerospace supplier, Project Bold, received approval for $1.73 million in incentives tied to the creation of 133 jobs in El Paso County.<\/p>\n

The Colorado company is considering investing $45 million across three phases in a new 110,000-square-foot facility to produce custom parts, sheet metal and assemblies for aerospace and industrial customers.<\/p>\n

The jobs will pay an average annual wage of $73,033. Project Bold, which currently has 70 employees in the state, is also looking at expanding in Ohio.<\/p>\n

Get more business news by signing up for our Economy Now newsletter.<\/em><\/p>\n<\/p>\n

Read more 2-time NASCAR champion Kyle Busch has died at 41, NASCAR says<\/a><\/p>\n<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A startup aerospace company that 3D prints small rocket engines with far fewer parts is considering the Boulder area for a new headquarters, manufacturing plant and testing facility.<\/p>\n","protected":false},"author":1,"featured_media":707,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"yoast_head":"\nColorado-based startup rocket engine company looking to create 460 jobs - Colorado Springs Moverss<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coloradospringsmoverss.com\/?p=708\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colorado-based startup rocket engine company looking to create 460 jobs - 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