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The Toronto-based firm aims to make two models of rocket capable of delivering payloads to low Earth orbit—a light-duty version that can be ready to go within 96 hours of a call and a reusable medium-lift one. The company’s other backers include Ripple Ventures, Panache Ventures, Northside Ventures and Cold Capital. (The Logic)
Talking point: Canadians putting satellites in orbit rely on foreign launch services, like Elon Musk’s SpaceX, but various would-be providers are working on Canadian launch pads and rocketry. CEO Hugh Kolias told The Logic that the Canada Rocket Company wants to have a model ready to launch in 2028, answering a federal challenge. Kolias’s background is in finance and real estate software, but two top executives (chief technical officer David Tenny and avionics head Eric Kupp) are veterans of SpaceX who have Canadian ties.
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