Canada Rocket Company says the turbulence in global politics is likely to increase Canada’s need for a sovereign rocket company that can take domestically-controlled satellites to space. Canada Rocket Company says the capital that it has raised is the largest round of all-Canadian seed funding ever for a space and defence startup. Kolias said Canada Rocket aims to become a big player in the rocket industry, particularly targeting the “the missing middle” portion of the market. Canada Rocket has just five employees to date but expects to have as many as 1,000 within about seven years. Other Canadian space companies include Ottawa-based Telesat, Winnipeg-based Magellan Aerospace and Honeywell Aerospace Canada, which has engineering and manufacturing operations in Mississauga, Ont., Ottawa and elsewhere.

Source: National Post January 16, 2026 11:58 UTC