As everyone in Canadian space knows these days, sovereign launch is having a moment. Just a few weeks ago, the Canadian government announced they would commit on the order of $300 million for sovereign launch, including a 10-year, $200-million pledge for Maritime Launch Services launch pad access and money for the Launch the North effort for homegrown rockets.
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The Launch the North panel. From left-to-right: Rahul Goel, CEO, NordSpace; Hugh Kolias, CEO, Canada Rocket Company; and Bachar Elzein, CEO, Reaction Dynamics. Credit: SpaceQ
As everyone in Canadian space knows these days, sovereign launch is having a moment. Just a few weeks ago, the Canadian government announced it would commit on the order of $300 million for sovereign launch, including a 10-year, $200-million pledge for Maritime Launch Services launch pad access and money for the Launch the North effort for homegrown rockets.
The three companies selected for the first stage of Launch the North were NordSpace, Reaction Dynamics and Canada Rocket Company, each receiving $8.3 million for early-stage funding.
The three companies came together on stage on Tuesday (May 5) at NordSpace’s Canadian Space Launch Conference, held at the Canada Aviation and Space Museum in Ottawa, to provide an update on how things are going so far.
They also pointed to a few gaps that they would love to see the federal government fill: more access to venture capital (which is more limited in Canada than the U.S.), more clarity on launch regulations (which may come through the new Bill C-28, the Canadian Space Launch Act), and some help on having the companies develop medium-lift opportunities to expand their customer base.
NordSpace CEO Rahul Goel
Reaction Dynamics CEO Bachar Elzein
Canada Rocket Company CEO Hugh Kolias
* Editor’s note: We updated this bullet point to clarify that this is for a medium-lift rocket.
Is SpaceQ's Associate Editor as well as a business and science reporter, researcher and consultant. She recently received her Ph.D. from the University of North Dakota and is communications Instructor instructor at Algonquin College.