Canada Rocket Company
A reusable medium-lift rocket built in Canada.
- Founded
- 2025
- Headquarters
- Toronto, Canada
- Disclosed funding
- $16.5M
- Status
- Operating
- Sector
- Space
- Latest round
- —
- Reported valuation
- —
- Website
- —
Overview
Canada Rocket Company is developing R-2, a reusable methalox rocket meant to give Canada sovereign access to orbit, with a first launch targeted for 2032. CTO David Tenny worked on Falcon 9 at SpaceX.
Funding
About US$16.5M (C$22.5M), including a C$8.3M Department of National Defence grant.
Disclosed funding is the sum of publicly reported rounds found in the sources below. It is a floor, not a complete total.
Founders
Topics
Sources
- BetaKit: Canada Rocket Company's sovereign alternative to Falcon 9
- SpaceQ: Canada Rocket Company raises $6.2M seed
Last verified September 30, 2026.