What Happened
Toronto-Based Company Develops Medium-Lift Rocket For Domestic Needs
The Canadian government has announced investments in its domestic launch industry, with the Canada Rocket Company developing a medium-lift R-2 rocket. The company aims to launch by 2032 and could carry up to 12.5 metric tons to low-Earth orbit. This development is driven by tensions with the US and a desire for greater autonomy in space exploration and defense. The Canada Rocket Company has raised $22.5 million to date and is planning a Series A fundraise, as reported by Ars Technica.