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Stock impact report

Investor Outlook: Canada backs Nova Scotia spaceport with $200M deal [BNN Bloomberg (Canada)]

Telesat Corporation - Class A Common Shares and Class B Variable Voting Shares (TSAT) 
Company Research Source: BNN Bloomberg
BNN Bloomberg spoke with Steve Matier, founder, president and CEO at Maritime Launch, about construction progress, customer demand and how the deal supports the company's path toward full orbital launch operations. Key Takeaways Maritime Launch secured a $200 million, 10-year agreement that supports development of its Nova Scotia spaceport. The deal provides steady revenue and near-term cash flow as the company advances construction and infrastructure. The company is targeting full orbital launch capability by the end of 2027. Maritime Launch is attracting international interest, including potential customers seeking favourable launch conditions. The company is positioning itself to capture growing demand for launch services amid global capacity constraints. Read the full transcript below: ROGER: Canada is taking a major step toward sovereign access to space with a landmark deal that brings the Department of National Defence on as a long-term tenant at Spaceport Nova Show less Read more
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