Maritime Launch Services has secured a $10 million senior credit facility from Export Development Canada to support the continued development of Spaceport Nova Scotia in Canso and advance toward its first orbital launch.

The financing agreement includes an initial $5 million advance, with the remainder available through drawdowns tied to ongoing construction and development milestones. The funds will be used for the next phase of the spaceport’s buildout, including launch pad and infrastructure work.

Maritime Launch President and CEO Stephen Matier said EDC’s commitment represents a key milestone in establishing Canada’s capability to conduct orbital launches. “EDC's support helps us advance the buildout of Spaceport Nova Scotia as we prepare for orbital launch operations,” he said. “Together, we’re demonstrating that Canada can achieve sovereign launch capability.”

In August, Maritime Launch agreed to sell a stake to Montreal-based Reaction Dynamics Lab and collaborate on an all-Canadian orbital launch set for the summer of 2028. The Reaction Dynamics deal has a total value of $1.7 million, and the companies said it will lead to a rocket designed and built in Canada being fired into orbit from Canada for the first time. The two companies began collaborating with each other last year.

Located near Canso, N.S., Spaceport Nova Scotia is being developed to provide satellite launch services for both Canadian and international clients. The project is expected to generate economic benefits in rural Nova Scotia through job creation, investment attraction, and the growth of a local supply chain.

EDC President and CEO Alison Nankivell said the financing reflects the agency’s focus on projects of strategic national importance.

She said: “This critical infrastructure will help Canada achieve sovereign launch capability for satellites, which will support needs such as defence and security, telecommunications, and weather monitoring.”