As of the date of this MD&A, management is aware of 31 spaceports globally that have achieved the successful launch of satellites into orbit. All but one of these spaceports is owned and operated by a government entity. The one active commercial launch site is located in New Zealand. Our planned launch complex near Canso, Nova Scotia (the "Launch Complex") will become the second commercial launch site in the world, the only one in North America and the first ever for Canada. It will have unique competitive features, and an increased level of flexibility as compared to government-operated spaceports.
We believe that Canada's current atmosphere of innovative investment, renewed and revised space policy initiative provides an anchor tenancy for an entirely new industry to grow. We have engaged the government of Canada so as to promote the significant benefits the Launch Complex will bring to the region and the country which they have publicly acknowledged and support. The proposed location of the Launch Complex is a unique location being located in North America with a broad range of possible inclinations ranging from 45 degrees to 98 degrees, including sun synchronous orbit ("SSO"), and with a desirable northern latitude for LEO and medium earth orbit ("MEO") markets, including global broadband and communications satellites. Recent filings to the United States Federal Communications Commission by numerous satellite clients revealed an additional 37,000 satellites being planned in various constellations and with many inclinations that can be served at our launch location. The Launch Complex will provide a diversified launch offering from 150 kg to 4 tons for SSO launches and up to 6 tons to LEO. The proposed site for the Launch Complex is located in a high technology and university-rich province that serves as the base for the Canadian naval fleet. It is adjacent to a windfarm for electricity, is less than one kilometer from a deep seaport and 50 km from a major super port as well as a transnational rail line. The launches from the facility will be offered at competitive rates that are comparable to other spaceports offering similar services. There is also a significant satellite manufacturing industry in Canada and local basing is expected to encourage this industry to prioritize the Launch Complex
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