What's Happening?
MDA Space has invested $10M CDN ($7.1M) in Maritime Launch Services (MLS), becoming an equity owner and strategic partner in developing orbital launch capabilities at Spaceport Nova Scotia. This investment
aims to establish sovereign launch capabilities for Canada, reducing reliance on international spaceports.
Why It's Important?
The investment by MDA Space in MLS is a significant step towards enhancing Canada's space industry. By developing sovereign launch capabilities, Canada can reduce its dependence on foreign spaceports and strengthen its position in the global space market. This move could also support national defense needs and foster innovation in space technology.
What's Next?
MLS plans to host its first orbital launch in collaboration with Quebec's Reaction Dynamics by Q3 2028. The partnership with MDA Space is expected to accelerate the development of Spaceport Nova Scotia and attract further investments. This initiative could lead to increased opportunities for Canadian companies in the space sector.
