- Maritime Launch (Cboe CA:MAXQ) signed a deal to facilitate the launch of a small-class orbital vehicle from its Spaceport Nova Scotia
- The space launch company made the deal with an international launch vehicle operator and aims to boost the capabilities of Spaceport Nova Scotia as a leading global launch site
- Maritime Launch will offer the required launch site infrastructure and regulatory assistance and the launch operator will manage the launch vehicle and provide the specialized support equipment
- Maritime Launch Services last traded at $0.055 per share
Maritime Launch (Cboe CA:MAXQ) signed a deal to facilitate the launch of a small-class orbital vehicle from its Spaceport Nova Scotia.
The space launch company made the deal with an international launch vehicle operator and aims to boost the capabilities of Spaceport Nova Scotia as a leading global launch site.
According to the deal’s terms, Maritime Launch, as the operator of the spaceport, will offer the required launch site infrastructure and regulatory assistance. Meanwhile, the launch operator will manage the launch vehicle and provide the specialized support equipment.
During the ongoing construction phase, Maritime Launch will accommodate its first two small launch vehicle clients at Spaceport Nova Scotia. The company will integrate the launch provider’s vehicles and support equipment into Spaceport Nova Scotia’s operational framework.
“This partnership is a significant step forward for Spaceport Nova Scotia. It not only highlights our commitment to welcoming international space companies to Canada but also secures a leading launch vehicle for orbital missions from Spaceport Nova Scotia,” Maritime Launch Services’ president and CEO Stephen Matier said in a news release. “This partnership will also demonstrate our capabilities as a launch site, capable of accommodating diverse launch systems for our client needs. The partnership allows us to deliver launch capability towards the current pent-up demand from the satellite client marketplace.”
This memorandum of understanding follows a letter of intent signed by both parties last year and lays the groundwork for a definitive and binding launch service agreement. Both parties will work together to execute the first orbital launch from Spaceport Nova Scotia. After the pathfinder mission, the multi-year, multi-launch operations will ramp up under the commercial site lease model. Maritime Launch will be responsible for public safety, launch-related mission support and coordinating with various federal authorities for restricted airspace and waterways.
Canada recently announced the conclusion of negotiations on the technology safeguards agreement with the United States, which the company explained will pave the way for a space industry launching from Spaceport Nova Scotia.
As Maritime Launch Services prepares for its inaugural orbital mission in 2026, Spaceport Nova Scotia is initially set to support small class launch vehicles with payloads under 1,250 kilograms. The site is planned to evolve to accommodate medium-class launchers, enhancing its capacity and market reach. This progression aligns with Maritime Launch’s vision of establishing a robust, commercially viable spaceport that caters to a wide range of launch needs.
Maritime Launch Services Inc. is a commercial space company that will provide satellite delivery services to clients in support of the growing commercial space transportation industry over a wide range of inclinations. The team is developing Spaceport Nova Scotia, Canada’s first commercial launch site, near Little Dover, Nova Scotia.
Spaceport Nova Scotia will allow small- and medium-sized launch vehicles to place their satellites into low-earth orbit. Spaceport Nova Scotia is Canada’s first commercial orbital launch complex.
Maritime Launch Services (Cboe CA:MAXQ) last traded at $0.055 per share.
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(Top image: Maritime Launch Services Inc.)
