Tag: Canada
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MDA Space Reports Record 2025 Revenue Driven by Satellite Systems Growth
MDA Space reported record revenue for fiscal year 2025, driven largely by strong demand in its satellite manufacturing business. The Ontario-based company posted annual revenue of CA$1.63 billion ($1.19 billion), representing a 51% increase from the previous year and landing at the upper end of its projected range of CA$1.5 billion to CA$1.65 billion. MDA…
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Galaxia and Apolink Partner to Demonstrate Inter-Satellite Links in 2027 Mission
Canada’s Galaxia Mission Systems has signed a strategic partnership with U.S.-based Apolink Communications to demonstrate hybrid optical and radio-frequency inter-satellite link (ISL) technology on a future spacecraft scheduled for launch in 2027. Under the agreement, Apolink’s communications system will be tested aboard a Galaxia satellite operating in sun-synchronous orbit, a configuration commonly used for Earth…
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Telesat and MDA Sign MoUs With Hanwha Systems on Korea’s K-LEO Satellite Plans
Canadian space companies Telesat and MDA Space said on Monday they have signed separate memorandums of understanding with South Korea’s Hanwha Systems to explore cooperation related to Korea’s planned sovereign low-Earth orbit defense constellation, known as K-LEO. The announcements follow a collaboration agreement reached in November 2025 between the Canadian government and South Korea’s Defense…
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Canada Rocket Company Emerges From Stealth With $4.5 million Seed Round
Canada Rocket Company (CRC), a Toronto-based space launch startup, has emerged from stealth after securing C$6.2 million ($4.5 million) in seed funding, as it seeks to develop domestic light- and medium-lift rocket capabilities for Canada amid rising government investment in the space sector. The round was co-led by the Business Development Bank of Canada and…
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Canada’s Space Industry Urges Faster Defence Procurement in New Policy Paper
Canada’s space industry is urging the federal government to accelerate defence procurement and modernise how it acquires space-based capabilities, as global competition and security demands intensify. Space Canada, an industry advocacy group, released a 17-page position paper on Wednesday outlining recommendations aimed at speeding up procurement and aligning Canada’s approach with international defence trends. The…
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Canada’s First Commercial Spaceport clears major hurdle with Environmental Approval
In a significant step forward for Canada’s domestic space ambitions, the Atlantic Spaceport Complex (ASX) — a new launch facility being developed by the aerospace company NordSpace near the small town of St. Lawrence on the Burin Peninsula — has been released from the provincial environmental assessment process. The decision, announced by Newfoundland and Labrador’s…
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Canada Boosts ESA Contributions with $528.5 Million Commitment
Canada will significantly increase its financial participation in European Space Agency (ESA) programmes, committing $528.5 million in what the government described as a “tenfold” rise compared with previous contribution levels. Canada is ESA’s only non-European Cooperating State, a status held since 1979 that grants the Canadian Space Agency selective access to ESA optional programmes. In…
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SBQuantum Wins ESA Contract to Develop Enhanced Quantum Magnetometer for Earth Observation
SBQuantum has secured a new contract with the European Space Agency (ESA) to deliver a next-generation prototype of its quantum diamond magnetometer for Earth observation missions, the Canadian company said. The agreement, valued at nearly $1 million, is funded through ESA’s FutureEO programme and follows an earlier contract in which SBQuantum produced a custom magnetometer…
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MDA Space Invests $10 Million in Maritime Launch Services to Support Canadian Spaceport Development
MDA Space, one of Canada’s largest space companies, has invested C$10 million ($7.1 million) in Maritime Launch Services (MLS), becoming both an equity holder and strategic partner in the company’s effort to establish sovereign orbital launch capabilities at Spaceport Nova Scotia. Shares of MDA rose about 1% on the Toronto Stock Exchange on Monday, closing…
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MDA Space Raises Offer for SatixFy to $356 Million After Rival Bid Emerges
Canada’s MDA Space has increased its acquisition offer for Israeli satellite chipmaker SatixFy by 43% to approximately US$356 million after a rival bidder emerged during the deal’s “go-shop” period. The revised offer, announced May 20, raises the price to $3 per share from an initial $2.10 announced on April 1, a move that follows a…