Canada Rocket Company has launched with $6.2 million in seed funding led by BDC Capital and Garage Capital, aiming to build domestic launch capability. The Toronto-based startup plans two rockets: a light-duty vehicle deployable within 96 hours and a reusable medium-lift system for low Earth orbit.
Additional backers include Ripple Ventures, Panache Ventures, Northside Ventures, and Cold Capital. CEO Hugh Kolias said the company targets a first launch by 2028, responding to federal calls for sovereign access to space. While Canada relies on foreign launch providers, Canada Rocket Company is assembling local expertise, including former SpaceX engineers David Tenny and Eric Kupp, to change that.
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