US EditionMDA Space Investing in $10 Million in Maritime Launch Services
MDA Space's $10 million investment supports Maritime Launch Services to boost Spaceport Nova Scotia's orbital launch readiness and establish Canada's sovereign satellite launch capacity.
- On Monday, Brampton, Ont.-based MDA Space Ltd. signed a deal to invest $10 million in Maritime Launch Services Inc., aiming to accelerate Spaceport Nova Scotia's readiness for orbital launches.
- MDA Space chief executive Mike Greenley said establishing sovereign launch capacity in Canada is important amid global demand, following MLS securing a $10-million loan from Export Development Canada about 10 days earlier.
- The deal includes an investor rights agreement giving MDA the right to nominate one Maritime Launch Services Inc. board member and participation rights; the company is headquartered in Halifax and went public in 2022.
- The capital infusion will boost MLS's goal of lofting satellites into orbit from Canada's Atlantic coast, and Stephen Matier called the investment a `momentum builder` for his company.
- Later this month, Dutch company T-Minus Engineering BV is scheduled to attempt a suborbital launch test at Canso, Nova Scotia, after Maritime Launch Services Inc. shifted to launch-site services due to Russia's invasion of Ukraine cutting off rockets from Dnipro, Ukraine.
16 Articles
16 Articles
MDA Space investing in $10 million in Maritime Launch Services (Canada)
MDA Space Ltd. has signed a deal to invest $10 million in Maritime Launch Services Inc., the company working to develop Spaceport Nova Scotia. The companies say the equity investment will accelerate Spaceport Nova Scotia's readiness for orbital launch operations. Maritime Launch is developing a comm...
PR Newswire
MDA Space Makes $10 Million Investment in Maritime Launch becoming an Equity Owner and a Strategic Partner
/PRNewswire/ - MDA Space Ltd. (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, and Maritime Launch Services Inc. (Cboe CA:...
Winnipeg Free Press
MDA Space investing in $10 million in Maritime Launch Services
Breaking News, Sports, Manitoba, Canada
Canadian Spaceport Co. Attracts Heavyweight MDA Space
One of Canada’s largest space companies is investing in a spaceport company. MDA Space ($MDA) committed $10M CDN ($7.1M) to Maritime Launch Services (MLS), making MDA an equity owner in the company and strategic partner in the push to establish sovereign, orbital launch capabilities at MLS’ Spaceport Nova Scotia. MDA shares were up about 1% on the TSX late afternoon Monday, to $27.67 CAD ($19.69 USD). The spaceport hosted one suborbital launch i…
MDA Space Makes $10 Million Investment in Maritime Launch
A $10 million equity investment has been made by MDA Space in Maritime Launch Services Inc. at a price of $0.223 per share. The MDA Space investment in Maritime Launch Services marks a key milestone in advancing Canada’s sovereign launch capability, strengthening the country’s domestic space value chain, with complete capability from ground to orbit.“Together, we are building a complete sovereign launch solution that strengthens Canadian innovat…
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