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RBC sees USD 10 billion space launch market opportunity for Canada through 2035

By Public Technologies
  • Canada could compete for at least USD 10 billion in spaceport and launch services business between 2027 and 2035.
  • Federal funding and military demand will be essential to develop domestic launch capabilities; commercial demand alone cannot close the financing gap.
  • Some 129 Canadian satellites scheduled for launch by 2035 lack reservations, representing approximately USD 290 million in potential launch contracts.
  • Canada Rocket Company estimates it needs up to USD 660 million for its first launch in 2032, underscoring substantial upfront costs.
  • Reliance on foreign launchers threatens sovereign access; SpaceX no longer accepts new Falcon 9 launch reservations beyond the end of 2028.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RBC - Royal Bank of Canada published the original content used to generate this news brief on October 22, 2026, and is solely responsible for the information contained therein.

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