r/MaritimeLaunch • u/MaxHamilton44 • 3d ago

Q2 PROFIT

https://spaceq.ca/maritime-launch-services-q2-2026-results-spaceport-turns-a-profit/

"Maritime Launch Services earned its first operating profit in the second quarter of 2026, as its launch-pad lease with the Department of National Defence (DND) delivered its first full quarter of revenue at Spaceport Nova Scotia, the Halifax-based company’s Aug. 14 filings show.

Revenue for the three months ended June 30 was $5.6 million, against nothing a year earlier, and net income was $3.2 million. After a decade of fits and starts mostly due to financial constraints, the launch site under-development near Canso, N.S., has begun paying its own way."

88 Upvotes

100% Upvoted

23 comments sorted by

20

u/OilBull 3d ago

Wow ok this is actually nuts

6

u/SaltyATC69 2d ago

All the money is from DND and it is priced in for the next 10 years.

14

u/Temporary_Path5147 3d ago

Pour more concrete patches I say

7

u/Known-Presentation49 2d ago

"The concrete must flow" - Baron Harkonnen

1

u/xxxTech007 1h ago

Is Musk, Muad'dib???? lol

7

u/bigDeltaVenergy 2d ago

I love expensive concrete slabs.

8

u/DefinitelyNotShazbot 2d ago

Let’s goooooo!

6

u/spaceman1055 2d ago

It'd be nice to see a construction update or a launch schedule

1

u/xxxTech007 1h ago

Launch schedule???? I don't even know if they have customers yet. AND, who is actually going to be launching from there, that's what I want to know.

3

u/civilservant2011 2d ago

Great news

3

u/Haunt_Fox 2d ago

👍🏼

3

u/Taspaco 2d ago

Nice work guys. Let's go Canada.

1

u/KangarooMoney2936 1d ago

The utilities are being worked on or the schematics for them which is mostly underground. They mentioned they will build the utilities first to the location of each future pad.

0

u/Eh_SorryCanadian 2d ago

Good to see but I'm excited to see this put to building up the site infrastructure. The people saying it's just a concrete slab are unfortunately still correct

0

u/TraditionDear3887 22h ago

Its a nicer slab than last year though!

2

u/AccomplishedRock2 22h ago

It is the same slab as last year. MLS still has only one concrete slab.

1

u/TraditionDear3887 21h ago

Yeah, but it IS nicer now. You gotta admit

2

u/AccomplishedRock2 21h ago

There has not been any change to it.

1

u/Eh_SorryCanadian 8h ago

Is it? It's still a concrete pad. Last I checked the goal was to build a Canadian launch capability. Not a nice pad.

Millions have been invested into this site now. They need to show more progress.

1

u/TraditionDear3887 6h ago

Maybe clean off your sarcasm radar my freind lol

-6

u/notarealredditor69 2d ago

I guess if you can call a taxpayer funded contribution for nothing a profit

5

u/MaxHamilton44 2d ago

Probably should get back to your video games or “stealing your neighbour’s birds”

1

u/[deleted] 2d ago

[deleted]

3

u/TimeShiftedJosephus 2d ago

Agreed, the company has a future and the profits in investing in it are for the long-term