The space industry could rocket to $1.879 trillion by 2032, according to Spherical Insights. In fact, they noted, “On the basis of space technology, the global space exploration market is segmented into the rockets, landers, robots, satellites, orbiters, and others. Among these, the satellite segment is dominating the market with the largest revenue share of 34.9% over the forecast period. Increased demand for low-Earth geosynchronous-based services, satellite Earth observation images, and a rise in the number of space exploration missions are driving this growth.” That’s all positive news for related billionaire-run, space travel enthused companies such as Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA) CEO Elon Musk’s SpaceX, Virgin Galactic (NYSE: SPCE). Even companies, like Maxar Technologies (NYSE: MAXR) (TSX: MAXR), and Maritime Launch Services Inc. (NEO: MAXQ) (OTCQB: MAXQF) are gearing up for massive launches.
Look at Maritime Launch Services Inc. (NEO: MAXQ) (OTCQB: MAXQF), For Example
Maritime Launch Services Inc. announced today that its launch manifest on its medium class launch vehicles has been committed through the end of 2027.
With a recent multi-mission Agreement signed for launching client OTVs from a manufacturer in the EU, Maritime Launch has secured medium-class launch vehicle capacity on multiple missions on a rideshare and dedicated payload basis from Spaceport Nova Scotia from 2025 onwards.
“This Agreement, if fully realized, is valued at over $1B in revenue and commits a large portion of our near-term medium-class launch manifest at Spaceport Nova Scotia, proving the strong demand for launch services in the global space market and the viability of Spaceport Nova Scotia”, says Stephen Matier, President and CEO of Maritime Launch Services. “By offering missions from Nova Scotia, we are able to help address global demand, while offering Canadians great careers and opportunities to participate in our exciting space economy”.
Maritime Launch is currently under construction building Canada’s first commercial launch site, Spaceport Nova Scotia, located near the rural communities of Canso, Hazel Hill and Little Dover.
The space industry is currently facing a tight launch market, with only a few places to launch commercial payloads for satellite constellation deployment. Maritime Launch offers the global market competitive launch inclinations from 45 to 98 degrees from a single site, making it one of the most attractive launch locations in North America. The Company has Canadian and international clients lined-up to launch using small-class vehicles starting as early as 2024.
Maritime Launch’s international client is a leader in space logistics and transportation and has a track record of space-proven technologies and successful missions, enabling service providers to streamline satellite launch, across-orbit transportation, on-orbit servicing and refueling, and end of mission disposal.
“Finding clients who want to launch their technology from Spaceport Nova Scotia has not been a challenge for our team, given demand”, added President and CEO, Stephen Matier. “We have seen an acceleration of demand since the start of construction last September. This demand, coupled with Transport Canada’s announcement in January to support commercial launch from Canada for the first time in our history, signals the continuing momentum of the space sector in Canada.”
In the coming months, Maritime Launch will share more details of this exciting partnership including details regarding the client’s first launch from Spaceport Nova Scotia.
Other related developments from around the markets include:
With regards to Tesla’s Elon Musk’s SpaceX, “SpaceX’s Dragon will deliver new science investigations, food, supplies, and equipment for the international crew, including the next pair of IROSAs (International Space Station Roll Out Solar Arrays). These solar panels, which roll out using stored kinetic energy, will expand the energy-production capabilities of the space station. This will be the third set launching in the SpaceX Dragon’s trunk, and once installed, will help provide a 20% to 30% increase in power for space station research and operations.”
With regards to Amazon’s Executive Chairman’s Blue Origin “A new mission to Mars will be launched by Blue Origin’s yet-to-be-tested New Glenn heavy-lift rocket, NASA announced. The award is part of NASA’s Venture-Class Acquisition of Dedicated and Rideshare launch services contract, which involves 13 companies and cannot break a ceiling of $300 million. Part of an effort by NASA not to over-rely on SpaceX rockets and help encourage competition in the private spaceflight sector, NASA’s Launch Services Program (LSP) awarded Blue Origin the launch contact for the Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) mission,” as reported by Forbes.
Maxar Technologies, provider of comprehensive space solutions and secure, precise, geospatial intelligence, announced that U.S. private equity firm Advent International, alongside minority investor British Columbia Investment Management Corporation completed their acquisition of Maxar. With the closing of the transaction, Maxar will remain a U.S.-controlled, owned and operated company. On December 16, 2022, Advent and Maxar announced that they had entered into a definitive merger agreement under which all outstanding shares of Maxar common stock would be acquired for $53.00 per share in cash, valuing Maxar at approximately $6.4 billion.
Virgin Galactic announced the mission specialists who will take part in the upcoming Unity 25 mission. Unity 25 is the final assessment of the full spaceflight system and astronaut experience ahead of the first commercial flight, ‘Galactic 01’, planned for late June.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Maritime Launch Services Inc. by a third party. We own ZERO shares of Maritime Launch Services Inc. Please click here for full disclaimer.
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