Q: It appears MAXQ will lease one of its launch pads to the Dept. Of National Defence generating 20M CAD per year for 10 years. Presumably the money is contingent on MAXQ finishing the construction of a launch pad for DND to use! So has MAXQ published a completion date for one of their 4 intended launch pads? Any other details about the lease you think relevant or a high barrier? One other thing…I know MDA has a seat on MAXQ’s board but are they a controlling shareholder?
Thank you,
Jim
Jim
Thank you,
Jim
Jim
5i Research Answer:
MDA is a 'strategic partner' but not a controlling shareholder. No specific completion dates for MAXQ's other three intended pads have been detailed in recent announcements, though the company continues infrastructure buildout including additional pads and support facilities. Payments start with $20 million due before March 31, 2026, followed by $5 million quarterly, aiding near-term cash flow during construction. MAXQ handles all maintenance and development, but execution risks remain high in the nascent commercial space sector.