Investment Q&A

MAXQ is now $185M market cap, after a 64% YTD gain. It is riding the space wave. It has minimal revenue and losses are expected. One analyst follows the company (Stifel, BUY, 75c target). MDA has invested $10M into the company.  

developing a commercial spaceport in Nova Scotia focused on small and medium satellite launches into low Earth orbit. As a pre-revenue development-stage firm, it benefits from government support like Export Development Canada funding, and alignment with Canada's "Buy Canadian" defense policies in the 2025 budget. Maritime Launch Services aims to build launch infrastructure for pay-per-use satellite deployments, positioning Canada in the growing space sector. Key milestones include construction at Spaceport Nova Scotia, a U.S.-Canada Technology Safeguard Agreement for launches, and potential first test flights within 18-24 months. We have mixed views here. On one hand, it is a risky, highly speculative company with no revenue. On the other hand, we like the space sector, and with the SpaceX IPO we expect interest in the second to stay high. In addition, many customers may be looking for a "second source" satellite launch location. But we are several years away from commercializations. We would still prefer larger companies such as FLY and RKLB, but our bet is that MAXQ continues to attract investor attention anyway.