Maritime Launch Services just got a financial boost in the Atlantic Canada commercial space race.

The Halifax-based aerospace company has secured a $10 million senior credit facility from Export Development Canada (EDC) to continue development on a spaceport in Nova Scotia. EDC, a federal Crown corporation, provides financial support to Canadian export-focused businesses.

Maritime Launch became the first space-related corporate listing on the NEO Exchange in 2022

The credit agreement provides funding for Spaceport Nova Scotia’s next phase of construction, including launch pad and infrastructure development required to support future orbital missions. Spaceport Nova Scotia is being developed near Canso, NS, roughly 300 km east of Halifax, to provide satellite launch services for Canadian

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