BREAKING: the land where the βspaceportβ is, in Nova Scotia, the company leases the land from the province for $13,500 per year.
Theyβre then turning around and leasing it to the federal government for $20 million a year.
For 10 years.
In addition, shortly after when the $200 million contract was announced, the chairman of the board sold 3 million shares in the company.
And in the past three months insiders have only sold shares.
The stock is up over 2295%, in 1 year.l and one of the Board of Directors, is the former Liberal Premier of Nova Scotia.
For context, a similar spaceport was built in Norway, where the government maintained 90% ownership, and the project was done for tens of millions of dollars cheaper.
Our government, on the other hand, is renting their own land for significantly more.
With zero ownership.