Spaceport startup Nordspace obtains $5 million more from Canadian government
Proposed Canadian spaceports
The Canadian startup Nordspace has obtained $5 million more from Canadian government for its proposed Atlantic Spaceport in Newfoundland, which the company than matched from its own resources.
The investment includes $1 million from the Government of Canada through the Atlantic Canada Opportunities Agency’s Regional Economic Growth through Innovation (REGI) program, $4 million from the Government of Newfoundland and Labrador, and $5 million of NordSpace’s own capital. It builds upon significant capital privately raised by the company, in addition to the $8.3 million previously committed to NordSpace under the Department of National Defence’s Innovation for Defence Excellence and Security (IDEaS) Launch the North challenge, through which NordSpace was selected as one of the Canadian companies advancing sovereign national space launch capability.
While this funding from the government indicates its support of Nordspace, the amounts pale in comparison to the $200 million ten-year lease that government gave to the competing spaceport in Nova Scotia, run by Maritime Launch Services. Since that lease was signed, Spaceport Nova Scotia signed Germany’s rocket startup Isar Aerospace to launch there, though no launch date has been set. Nordspace meanwhile is developing its own rocket, but it remains years from launch.
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I haven’t read anything about it from my news sources. Part of the reason might be that the Canadian media are all “Orange Man Bad!” about what happened last week with the trade talks as well as the re-naming of what’s now called Lake America.
Trolling Canada seems to be an enduring Trump superpower. Ottawa should consider itself fortunate that none of the other Great Lakes have any explicitly Canadian names. Gordon Lightfoot’s lyrics for The Wreck of the Edmund Fitzgerald would appear to be safe.