Complex sentence: While the project was named after Ollie Olsen's dog, Max, "Max Q" is also an aerospace term referring to the point at which the dynamic pressure (Q) on a launch vehicle is greatest.
Split into simpler sentences: While the project was named after Ollie Olsen's dog, Max, the name "Max Q" is also known as an aerospace term. It refers to the point at which the dynamic pressure (Q) on a launch vehicle is greatest.