- Maritime Launch Services (Cboe CA:MAXQ) signed an exclusive C$1.7 million agreement with Reaction Dynamics Lab, a Montreal-based rocket company, creating a framework for the first orbital launch of a Canada-designed rocket from Canadian soil
- Maritime Launch Services is a commercial space company headquartered in Nova Scotia
- Maritime Launch stock has added 16.6 per cent year-over-year
Maritime Launch Services (Cboe CA:MAXQ) signed an exclusive C$1.7 million agreement with Reaction Dynamics Lab, a Montreal-based rocket company, creating a framework for the first orbital launch of a Canada-designed rocket from Canadian soil.
This content has been prepared as part of a partnership with Maritime Launch Services Ltd., and is intended for informational purposes only.
The launch is schedule to take place at Maritime’s developing Spaceport Nova Scotia facility in Q3 2028 and will be underpinned by Reaction Dynamics’ strategic C$1,025,952 equity investment in the company. Payments will occur in twelve quarterly instalments of C$85,496, with the first made at the time of signing at C$0.05 per share and subsequent payments continuing on September 30, 2025, to be based on the weighted average share price at the time.
Following a successful initial launch, Maritime Launch and Reaction Dynamics will work towards a multi-year agreement to use a designated launchpad at Spaceport Nova Scotia.
Leadership insights
“This is more than an investment or commercial launch agreement — it affirms that Canada’s space launch capability is real and ready,” Stephen Matier, Maritime Launch Services’ president and chief executive officer (CEO), stated in Tuesday’s news release. “With Reaction Dynamics, Canada is joining the ranks of our NATO allies and other nations that can launch their satellites to orbit, from their soil, on their terms.”
“Securing this pathfinder launch is Canada’s bridge to true sovereign launch,” added Bachar Elzein, CEO of Reaction Dynamics. “With Aurora-1 flying this winter and our Aurora-8 orbital system coming online, Canada is not only entering the launch market—it is shaping the future of rapid, distributed and allied-ready space access.”
About Maritime Launch Services
Maritime Launch Services is a commercial space company headquartered in Nova Scotia. The company’s developing Spaceport Nova Scotia will be Canada’s first commercial orbital launch complex providing reliable access to low-Earth orbit.
Maritime Launch Services stock (Cboe CA:MAXQ) last traded at C$0.07. The stock has added 16.6 per cent year-over-year.
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