FOR IMMEDIATE RELEASE

May 15, 2025

Centennial, CO – Cosmic Aerospace has been awarded an Advanced Industries Early-Stage Capital and Retention Grant from the Colorado Office of Economic Development and International Trade (OEDIT) to accelerate development of its zero-emission regional jet.

“We’re honored to receive this support from the State of Colorado,” said Christopher Chahine, Co-Founder and CEO. “Cosmic is proud to help lead the transition to sustainable aviation and we’re committed to building this future right here in Colorado.”

The Early-Stage Capital and Retention grant supports businesses commercializing innovative and disruptive technologies in the advanced industries that will be created or manufactured in Colorado. These grants help promote the growth and sustainability of advanced industries across the state by driving innovation and commercialization that move this vital part of the Colorado economy forward.

Cosmic Aerospace has been awarded $250,000 to advance its core technologies as it ramps up testing of its electric propulsion system and continues development of its embedded wing design. The funding will also support team expansion in Colorado.This grant follows several key milestones for Cosmic, including successful test flights of its CX-1 and CX-2 experimental aircraft, progress on its integrated propulsion architecture, and the opening of its new headquarters in Centennial, Colorado, in 2024. The company is now scaling toward commercialization of Skylark, its 24-passenger all-electric jet, which is targeted to enter service by the end of the decade.

“Across the state, companies are rethinking existing technologies and inventing new ones within the advanced industries sector. Their success will create good-paying jobs in Colorado and has the potential to change lives across the state and beyond. We are thrilled to be able to support their development and look forward to celebrating future accomplishments,” said Rama Haris, Advanced Industries Senior Manager at OEDIT.

About Cosmic Aerospace
Cosmic Aerospace is building the future of flight—clean, quiet, and cost-effective. Its all-electric regional aircraft leverages proprietary propulsion and airframe technologies to deliver zero-emission performance at industry-leading economics.

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Contact

Cosmic Aerospace

6333 S Racine Cir #105

Centennial, CO 80111

Email: contact@cosmicaerospace.com
Website: www.cosmicaerospace.com

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About the Advanced Industries Accelerator Program

The Advanced Industries Accelerator Program was created in 2013 to promote growth and sustainability in Colorado’s advanced industries by driving innovation, accelerating commercialization, encouraging public-private partnerships, increasing access to early stage capital and creating a strong infrastructure that increases the state’s capacity to be globally competitive. AIA encompasses five distinct grant programs: Proof of Concept, Early-Stage Capital and Retention, Collaborative Infrastructure, Export Accelerator, and Global Consultant Network.

About Colorado Office of Economic Development and International Trade

The Colorado Office of Economic Development and International Trade (OEDIT) works with partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of Governor Jared Polis, we strive to advance the State’s economy through financial and technical assistance that fosters local and regional economic development activities throughout Colorado. OEDIT offers a host of programs and services tailored to support business development at every level including business retention services, business relocation services, and business funding and incentives. Our office includes the Global Business Development division; Colorado Tourism Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Business Financing & Incentives division; the Colorado Small Business Development Network; Colorado Office of Film, TV & Media; the Minority Business Office; Employee Ownership Office; and Rural Opportunity Office.

Learn more at oedit.colorado.gov.