Aerospace
Maritime Launch Moves to Toronto Stock Exchange After Final Approval
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Maritime Launch Services Inc. announced on November 2, 2026 that it has received final approval from the Toronto Stock Exchange to list its common shares. The shares will commence trading on the TSX at market open on November 3, 2026, and will cease trading on Cboe Canada at the close of trading on November 2, 2026.
The company’s CUSIP and ISIN numbers remain unchanged, and shareholders are not required to exchange their share certificates or direct registration system advices, or take any other action, in connection with the TSX listing. The final approval follows the TSX’s conditional approval of the listing, announced by the company on October 15, 2026. At that time, the approval was subject to the company satisfying the customary listing requirements of the TSX and receiving final approval. The shares were to continue trading on Cboe Canada until trading commenced on the TSX, with a further update to confirm the dates.
Stephen Matier, president and CEO of Maritime Launch, said listing on the Toronto Stock Exchange “will provide an important platform to broaden our visibility and engagement with the investment community” as the company develops Spaceport Nova Scotia. Matier said the company is building strategic national infrastructure to connect Canada to the global space economy and provide sovereign access to space from Canadian soil, calling the TSX listing another key milestone in executing on that vision.
Maritime Launch is a Canadian-owned commercial space company based in Nova Scotia. It is developing Spaceport Nova Scotia, near Canso, which it describes as Canada’s first commercial orbital launch complex. The dual-use facility is designed to support both civil and defence-related space missions and to enable small and medium launch vehicles to place satellites into low Earth orbit.
Spaceport Nova Scotia Agreements
In a March 16, 2026 announcement, the company said the Department of National Defence will lease a dedicated launch pad at Spaceport Nova Scotia under a ten-year agreement retroactive to April 1, 2025, with a total contract value of $200 million. Maritime Launch will receive $20 million per year, with the first $20 million payment due before March 31, 2026, followed by $5 million payments at the end of each fiscal quarter. Approximately 90 percent of gross rental payments are to be spent in Canada. The dedicated launch pad is expected to reach initial operational readiness by the end of 2026, and Maritime Launch is responsible for maintaining the facilities and continuing the build-out of the spaceport, including additional launch pads, a launch control centre, and payload integration and testing facilities.
In a July 7, 2026 announcement, the company said Germany-based Isar Aerospace will develop a dedicated launch complex for its Spectrum launch vehicle at the spaceport. The facilities usage agreement has a 10-year term, with a right for Isar Aerospace to renew for two additional 5-year terms, and Maritime Launch will receive quarterly payments of US$3.75 million other than during a 30-month fee waiver period beginning at the end of the first year of the term, during which it will receive no quarterly payments. Build-out of the launch complex is planned to begin in 2026, with first orbital launches targeted for 2028 and the potential to support up to 40 launches annually by 2029. The agreement was signed in Ankara, Türkiye, during the NATO Summit Defence Industry Forum by Isar Aerospace chief executive Daniel Metzler and Matier.
