Maritime Launch Aims for Space with Government Funding

Jaguar Financial (TSE:MAXQ) has released an update.

Maritime Launch Services Inc., a Canadian commercial space company, is poised to receive a $12.9 million contribution from the Government of Canada’s Strategic Innovation Fund (SIF), supporting the development of Canada’s first commercial orbital spaceport in Nova Scotia. This funding, along with last year’s provincial investment, could bring total support to $26.0 million, bolstering the preparation for the inaugural orbital launch set for 2025. The contribution is subject to meeting certain conditions and final approvals.

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