Accessibility StatementSkip Navigation Expected to bolster Canada's sovereign space capabilities and create a competitive option for the global launch services market BRAMPTON, ON and HALIFAX, NS, Nov. 3, 2025 /PRNewswire/ -Â MDA Space Ltd. (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, and Maritime Launch Services Inc. (Cboe CA: MAXQ) (OTCQB: MAXQF) today announced a $10 million equity investment by MDA Space in Maritime Launch Services Inc. at a price of $0.223 per s ...

Core Points - Maritime Launch Services Inc. has secured a $10 million senior credit facility from Export Development Canada to expedite the development of Spaceport Nova Scotia and prepare for its first orbital launch [1][2][6] - The funding will support the next phase of construction, including the development of launch pads and necessary infrastructure for future orbital missions [2][6] - The establishment of Spaceport Nova Scotia is seen as a significant step for Canada in achieving sovereign launch capability, enhancing its position in the global space economy [1][2][3] Company Overview - Maritime Launch Services is a Canadian-owned commercial space company based in Nova Scotia, developing Spaceport Nova Scotia to provide satellite delivery services [9] - Spaceport Nova Scotia aims to offer reliable and cost-effective launch services for both Canadian and global clients, positioning Canada as a leader in the commercial space sector [4][5][9] Economic Impact - The development of Spaceport Nova Scotia is expected to generate significant economic benefits for Nova Scotia and Atlantic Canada, including job creation and investment attraction [5] - The project is anticipated to inspire innovation and technology growth in the region, contributing to a robust local supply chain supporting Canada's space industry [5]