Nova Scotia spaceport wins $10 million credit line from Canadian government

Proposed Canadian spaceports
Maritime Launch Services, the startup that has been trying to establish a spaceport in Nova Scotia since 2016, without any success, was this week awarded a $10 million credit line from Canadian government’s Export Development agency (EDC).
EDC is Canada’s export credit agency, established in 1944 to help Canadian businesses of all sizes grow globally through trade financing, insurance, and market expertise. As part of its corporate strategy, EDC is committed to allocating strategic risk capital to developing trade-enabling infrastructure to help Canada become a more resilient, competitive, and secure global trading nation. EDC’s support of Maritime Launch as it develops Spaceport Nova Scotia will significantly strengthen Canada’s position in the defence and security sector, where space is an increasingly vital domain.
….The terms of the agreement provide development funding for Spaceport Nova Scotia’s next phase of construction, including launch pad and infrastructure development required to support future orbital missions.
This award is a bit puzzling, as Maritime has done nothing in the past decade to instill any confidence it is going to fulfill any of its promises. Its original plan, to offer satellite companies a launchpad and a rocket (made by a Ukrainian company) failed in 2022 when Russian invaded the Ukraine. Since the Maritime has struggled to get any other rocket companies interested in launching from Spaceport Nova Scotia.
Meanwhile, a second Canadian commercial spaceport, the Atlantic Spaceport in Newfoundland, was proposed only three years ago. It is developing its own rocket, and has already signed contracts with other companies for its mission control center and tracking stations. In addition, it twice attempted a suborbital test launch of a smaller rocket, though both attempts were scrubbed due to fuel leaks in ground systems.
Whether this grant can jump start Maritime’s spaceport remains an open question. Very clearly, the Canadian government hopes so.

Proposed Canadian spaceports
Maritime Launch Services, the startup that has been trying to establish a spaceport in Nova Scotia since 2016, without any success, was this week awarded a $10 million credit line from Canadian government’s Export Development agency (EDC).
EDC is Canada’s export credit agency, established in 1944 to help Canadian businesses of all sizes grow globally through trade financing, insurance, and market expertise. As part of its corporate strategy, EDC is committed to allocating strategic risk capital to developing trade-enabling infrastructure to help Canada become a more resilient, competitive, and secure global trading nation. EDC’s support of Maritime Launch as it develops Spaceport Nova Scotia will significantly strengthen Canada’s position in the defence and security sector, where space is an increasingly vital domain.
….The terms of the agreement provide development funding for Spaceport Nova Scotia’s next phase of construction, including launch pad and infrastructure development required to support future orbital missions.
This award is a bit puzzling, as Maritime has done nothing in the past decade to instill any confidence it is going to fulfill any of its promises. Its original plan, to offer satellite companies a launchpad and a rocket (made by a Ukrainian company) failed in 2022 when Russian invaded the Ukraine. Since the Maritime has struggled to get any other rocket companies interested in launching from Spaceport Nova Scotia.
Meanwhile, a second Canadian commercial spaceport, the Atlantic Spaceport in Newfoundland, was proposed only three years ago. It is developing its own rocket, and has already signed contracts with other companies for its mission control center and tracking stations. In addition, it twice attempted a suborbital test launch of a smaller rocket, though both attempts were scrubbed due to fuel leaks in ground systems.
Whether this grant can jump start Maritime’s spaceport remains an open question. Very clearly, the Canadian government hopes so.









