MDA invests $7 million to become part owner of proposed Nova Scotia spaceport
Proposed Canadian spaceports
The Canadian space company MDA Space has now purchased for $10 million ($7 million in U.S. dollars) a part ownership in the proposed Spaceport Nova Scotia that the startup Maritime Launch Services (MLS) has been trying to establish since 2016, with little success.
The transaction includes an Investor Rights Agreement, entered into between MDA Space and Maritime Launch, providing MDA Space with certain rights, including the right to nominate one individual to sit on the board of Maritime Launch and pro-rata participatory rights in future financings of the Spaceport. The investment will be used for applicable research and development initiatives relating to the ongoing development of Spaceport Nova Scotia and will trigger the retirement of convertible debentures.
The history of this spaceport has been a frustrating one. Originally it had partnered with a Ukrainian rocket company, proposing to offer satellite companies both the launch facilities and the rocket. That plan died in 2022, when Russia invaded the Ukraine and the rocket company switched from making rockets to making drones.
MLS then opened up Spaceport Nova Scotia to all rocket companies, hoping the new launch startups building portable small rockets that could be set up anywhere would buy in. Though it periodically announced deals, none were with established orbital companies. Some were startups that after years have yet to launch, such as the British company Skyrora. Other contracts were with startups that weren’t even rocket companies, such as the space station startup Voyager Space.
Meanwhile, a second spaceport startup, Nordspace, appeared in 2022, proposing a spaceport in Newfoundland dubbed The Atlantic Spaceport. While it has not launched anything either, it has quickly signed contracts for ground stations and a mission control center, and even attempted (though scrubbed) a launch of its own rocket.
Whether this new deal can finally get Spaceport Nova Scotia off the ground remains very uncertain. MDA is not a launch company. It is a long established satellite company that also builds the robot arms used on ISS.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Proposed Canadian spaceports
The Canadian space company MDA Space has now purchased for $10 million ($7 million in U.S. dollars) a part ownership in the proposed Spaceport Nova Scotia that the startup Maritime Launch Services (MLS) has been trying to establish since 2016, with little success.
The transaction includes an Investor Rights Agreement, entered into between MDA Space and Maritime Launch, providing MDA Space with certain rights, including the right to nominate one individual to sit on the board of Maritime Launch and pro-rata participatory rights in future financings of the Spaceport. The investment will be used for applicable research and development initiatives relating to the ongoing development of Spaceport Nova Scotia and will trigger the retirement of convertible debentures.
The history of this spaceport has been a frustrating one. Originally it had partnered with a Ukrainian rocket company, proposing to offer satellite companies both the launch facilities and the rocket. That plan died in 2022, when Russia invaded the Ukraine and the rocket company switched from making rockets to making drones.
MLS then opened up Spaceport Nova Scotia to all rocket companies, hoping the new launch startups building portable small rockets that could be set up anywhere would buy in. Though it periodically announced deals, none were with established orbital companies. Some were startups that after years have yet to launch, such as the British company Skyrora. Other contracts were with startups that weren’t even rocket companies, such as the space station startup Voyager Space.
Meanwhile, a second spaceport startup, Nordspace, appeared in 2022, proposing a spaceport in Newfoundland dubbed The Atlantic Spaceport. While it has not launched anything either, it has quickly signed contracts for ground stations and a mission control center, and even attempted (though scrubbed) a launch of its own rocket.
Whether this new deal can finally get Spaceport Nova Scotia off the ground remains very uncertain. MDA is not a launch company. It is a long established satellite company that also builds the robot arms used on ISS.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
MLS has certainly had a long, strange journey. But at least it’s getting some love now from another Canadian space company so I guess that qualifies as progress.