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.


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