Let the band have initial length ##L##, with one end at rest and the other moving at constant speed ##V##. Thus at time ##t## the band has length ##L+Vt##, and a point at distance ##x## from the stationary end has speed ##\frac x{L+Vt}V##. The ant's speed relative to the rubber is ##u##, so its speed relative to the stationary end is $$\frac{dx}{dt}=u+\frac{xV}{L+Vt}$$Maxima says that this is satisfied by $$\frac xL=\frac uV\left(1+\frac{Vt}L\right)\ln\left(1+\frac{Vt}L\right)$$meaning that the ant reaches ##x=L+Vt## when$$\begin{eqnarray*}
\frac Vu&=&\ln\left(1+\frac{Vt}L\right)\\
t&=&\frac LV\left(e^{V/u}-1\right)
\end{eqnarray*}$$Plugging in ##L=10^3\mathrm{m}##, ##V=10^3\mathrm{ms^{-1}}##, and ##u=10^{-2}\mathrm{ms^{-1}}## this becomes ##t=e^{10^5}-1\approx 10^{43400}\mathrm{s}##.
Bear in mind that the universe is less than ##10^{18}\mathrm{s}## old. So there is a solution to the maths (assuming I didn't make any mistakes), but it's not realistic.