MDA Space Ltd. (TSX: MDA) Makes $10 Million Strategic Investment in Maritime Launch Services Inc. (Cboe CA: MAXQ | OTCQB: MAXQF)
Overview
MDA Space Ltd. (“MDA Space”) and Maritime Launch Services Inc. (“Maritime Launch” or “the Company”) have announced a CA $10M equity investment by MDA Space into Maritime Launch at a price of CA $0.223 per share, marking a key milestone in the development of Spaceport Nova Scotia, Canada’s first commercial orbital launch complex.
The investment establishes MDA Space as both an equity owner and strategic operational partner, aimed at accelerating Spaceport Nova Scotia’s readiness for commercial launch operations. The collaboration strengthens Canada’s sovereign space capability, creating an integrated value chain from ground infrastructure to orbital delivery.
Key Transaction Details
- Investment Size: CA $10M equity investment by MDA Space.
- Price: CA $0.223 per share.
- Structure: Equity purchase with accompanying Investor Rights Agreement, providing MDA Space with:
- The right to nominate one board representative to Maritime Launch’s board of directors.
- Pro-rata participation rights in future financings.
- Use of Proceeds: Funding research and development, advancing construction and operational readiness at Spaceport Nova Scotia, and retiring existing convertible debentures.
- Strategic Partnership: MDA Space to become an operational partner in future spaceport activities.
Strategic Context
The partnership represents a major step toward establishing Canada’s domestic launch capability, enabling responsive, cost-effective, and sustainable access to low-Earth orbit (LEO) from Canada’s Atlantic coast.
Spaceport Nova Scotia, located near Canso, Nova Scotia, is being developed to provide launch services for commercial, civil, government, and defense clients. The facility is designed to handle a range of satellite delivery missions across multiple inclinations from a single site, complementing global demand for diversified launch infrastructure.
According to MDA Space CEO, Mike Greenley, the investment underscores the strategic importance of developing sovereign launch capacity in Canada:
“Establishing domestic launch infrastructure is essential for the country’s growing role in the global space economy. MDA Space’s partnership with Maritime Launch represents a critical step toward that goal.”
Maritime Launch CEO, Stephen Matier, emphasized that the collaboration combines MDA Space’s technical expertise with the company’s operational framework:
“Together, we’re creating the reliability, responsiveness, and integration that launch vehicle clients require to execute full mission campaigns from Canadian soil.”
Economic and Industry Impact
- The investment is expected to accelerate the commissioning of Spaceport Nova Scotia and support R&D and operational readiness for orbital launch operations.
- The project is anticipated to generate significant economic benefits across Atlantic Canada through skilled job creation, regional supply-chain engagement, and foreign investment attraction.
- The partnership aligns with Canada’s National Space Strategy, supporting domestic manufacturing, satellite deployment, and commercial space innovation.
ArcStone Commentary
The CA $10M investment from MDA Space represents a meaningful validation of Maritime Launch’s progress and strategic relevance within the broader Canadian aerospace ecosystem.
The agreement positions MDA as both a financial and operational stakeholder, integrating its long-standing satellite and robotics expertise into the build-out of Canada’s first commercial launch site.
Near-term developments to monitor include regulatory milestones, continued infrastructure build-out at Spaceport Nova Scotia, and timelines for the site’s first orbital launch. The partnership also reinforces Canada’s emergence as a vertically integrated space nation, with capabilities spanning design, manufacturing, and launch.
About MDA Space Ltd.
MDA Space Ltd. (TSX: MDA) is a global space technology company and trusted mission partner with more than 55 years of heritage in robotics, satellite systems, and geointelligence. MDA has contributed to over 450 space missions and continues to provide systems and services across communications, Earth observation, and space exploration markets.
About Maritime Launch Services Inc.
Maritime Launch (Cboe CA: MAXQ | OTCQB: MAXQF) is a Canadian-owned commercial space company developing Spaceport Nova Scotia, the country’s first commercial orbital launch complex. Located near Canso, Nova Scotia, the site will provide satellite delivery services to commercial, civil, and government clients.
You can read the full press release below:
ArcStone Financial Pulse Team
Stay informed with the latest market trends from ArcStone Securities and Investments Corp. Subscribe to our newsletter for more detailed reports and analysis.
Disclaimer and Forward Looking Statements
The information contained herein is provided by ArcStone Securities and Investments Corp. (“ArcStone”) for informational purposes only. It is not, and under no circumstances should it be construed as, an offer to sell or a solicitation of an offer to buy any securities or other financial instruments in any jurisdiction.
Certain statements contained herein may constitute “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements are based on current expectations, estimates, and assumptions that involve known and unknown risks and uncertainties which may cause actual results or developments to differ materially from those expressed or implied. These statements often include words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “should,” “target,” or similar expressions. Readers are cautioned not to place undue reliance on such statements, which speak only as of the date made. Except as required by law, ArcStone undertakes no obligation to update or revise any forward-looking information.
This content is not intended as investment advice or a recommendation to buy or sell any security and does not take into account the investment objectives, financial situation, or needs of any individual. Investors should consult their own professional advisors before making any investment decisions.
ArcStone Securities and Investments Corp. is not a registered broker-dealer and does not provide investment advice or recommendations. All registrable activities in the United States are conducted through ArcStone Securities, LLC and Kingswood US, both FINRA-registered broker-dealers. In Canada, on a transaction-by-transaction basis, all registrable activities are conducted through Sentinel Financial Group, a registered Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and the Northwest Territories.
Principals, related companies or affiliates, and/or staff of ArcStone may hold, directly or indirectly, shares or other securities of the companies mentioned.
