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.

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.











