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Canada Rocket Company

Toronto startup founded in 2025 by a team that includes former SpaceX engineers. It is building R-2, a reusable methane-fueled rocket for more than 12,500 kg to sun-synchronous orbit, as a Canadian alternative to Falcon 9. First launch is targeted for 2032. (1 product in the atlas)

Products, by altitude

Launch · From the pad to orbit

  • In development

    R-2

    Planned reusable medium-lift rocket with nine methane engines

Known rounds

DateRoundAmountLed by
Sep 2026Seed extension (SAFE)$6M—⁠1
Jan 2026SeedC$6.2MBusiness Development Bank of Canada, Garage Capital⁠2

Government awards

DateAgencyProgramAmount
Mar 2026Department of National DefenceIDEaS Launch the North contestCAD 8.3M⁠3

Milestones

  • Sep 2026 BetaKit reports about CAD 22.5 million raised from private investors and the federal government since the company incorporated in November 2025. Company statement⁠1

Sources

  1. BetaKitSep 16, 2026
  2. BetaKitJan 16, 2026
  3. BetaKitMar 16, 2026
  4. Canada Rocket Company

Updated Oct 22, 2026 · How we source facts · Suggest a correction