- MDA Space Ltd. (TSX:MDA) invests C$10 million in Maritime Launch Services Inc. (Cboe CA:MAXQ) at $0.22 per share to accelerate development of Spaceport Nova Scotia, Canada’s first commercial orbital launch complex
- The partnership wants to strengthen Canada’s sovereign launch capability, creating a complete domestic space value chain from ground to orbit for commercial, civil, and defence clients
- MDA Space gains board representation and future financing rights, while funds will support R&D and retire convertible debentures, driving economic growth and global investment in Atlantic Canada
- MDA Space stock (TSX:MDA) opened trading at C$23.92 and Maritime Launch Services stock (Cboe CA:MAXQ) opened trading at $0.28
Canadian space technology company, MDA Space (TSX:MDA) announced a C$10 million equity investment in Maritime Launch Services (Cboe CA:MAXQ) for $0.22 per share, marking a pivotal step toward establishing Canada’s first commercial orbital launch capability.
The investment will accelerate the development of Spaceport Nova Scotia, located near Canso on the Atlantic coast, which is set to become Canada’s first commercial orbital launch complex. This strategic move strengthens Canada’s domestic space value chain, creating a complete capability from ground to orbit for commercial, civil, government, and defence clients.
MDA Space will also become an operational partner at Spaceport Nova Scotia, supporting both development and future operations. The partnership aims to deliver responsive, cost-effective, and sustainable access to space, enabling launch vehicle developers and satellite operators to reach low-Earth orbit from a single site with a wide range of inclinations.
“Maritime Launch has been methodically advancing the development of Spaceport Nova Scotia, focused on doing it right, with safety, community, and operational excellence, to address the needs of the domestic and global space ecosystem,” MDA Space’s CEO, Mike Greenley, said in a news release. “In a rapidly changing space industry, establishing sovereign launch capacity in Canada that will respond to the global demand for alternate launch capabilities on Canada’s Atlantic coast is important. This is an example of strategically located critical infrastructure that is needed. MDA Space is pleased to partner with Maritime Launch on this exciting new chapter for the Canadian space industry.”
The transaction includes an investor rights agreement, granting MDA Space the right to nominate one board member to Maritime Launch and pro-rata participation rights in future financings. Funds will be directed toward research and development initiatives for Spaceport Nova Scotia and will also retire existing convertible debentures.
Spaceport Nova Scotia is expected to generate significant economic benefits across Atlantic Canada and nationwide, including high-quality jobs, local supply-chain development, and global investment attraction.
MDA Space is a go-to name for robotics, satellite systems, and geointelligence in the global space industry, with a pioneering track record spanning over 450 missions.
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) opened trading
14.81 per cent higher at $0.28. The stock has risen 2,700 per cent since the year began.
MDA Space stock (TSX:MDA) opened 1.89 per cent higher at C$23.92. Since 2025 began, its stock has lost 19.54 per cent.
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