MDA Space Ltd. has invested $10 million in Maritime Launch Services Inc., reinforcing Canada's sovereign launch capabilities and boosting the national space value chain.

Target Information

MDA Space Ltd. (TSX: MDA) and Maritime Launch Services Inc. (Cboe CA: MAXQ, OTCQB: MAXQF) have announced a significant investment, marking a pivotal moment for the Canadian space industry. MDA Space is investing $10 million into Maritime Launch Services at a share price of $0.223. This investment underscores the growth trajectory of Maritime Launch Services, enabling it to fortify Canada’s sovereignty in launching capabilities and enhance the national space value chain.

Maritime Launch Services is a commercial space company dedicated to developing Spaceport Nova Scotia, the first commercial orbital launch complex in Canada. Situated near Canso, Nova Scotia, this spaceport is designed to offer responsive and sustainable access to low Earth orbit for various satellite delivery services. The funding will aid in accelerating the operational readiness of the Nova Scotia spaceport, ensuring a reliable national launch capacity for commercial, civil, government, and defense clients within Canada.

Industry Overview in Canada

The Canadian space industry has experienced significant growth over the past few years, driven by advancements in technology and an increasing demand for satellite services. With a focus on both commercial and governmental projects, the industry has seen national and interna