The company, currently focused on building out Spaceport Nova Scotia, aims to leverage the prestige of the Toronto exchange to increase its profile among institutional investors. President and Chief Executive Stephen Matier noted that the upgraded listing will provide the necessary capital market visibility to support the complex infrastructure required for sovereign launch operations. Until the transition completes, shares will continue trading on Cboe Canada.

This development follows a significant financial boost last year when MDA Space, a leader in robotics and satellite systems, injected 10 million Canadian dollars into the venture. With the facility positioned to serve both domestic and international satellite clients, the company is now working to meet the final regulatory conditions set by the exchange to finalize its debut.