13:31:54 EDT Fri 02 Oct 2026
Enter Symbol
or Name
USA
CA



Telesat Corp
Symbol TSAT
Shares Issued 15,147,524
Close 2026-10-01 C$ 66.20
Market Cap C$ 1,002,766,089
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Globe says Telesat told Canada Rocket set for blast off

2026-10-02 08:22 ET - In the News

The Globe and Mail reports in its Friday edition that Canada Rocket is investing $30-million over three years to build an engine-testing facility outside London, Ont., the latest step toward the company's goal of launching a medium-lift rocket into orbit in 2032. The Globe's Irene Galea writes that the Toronto-based company, founded in late 2025, will use the new 50-acre site adjacent to the London International Airport for "static tests" -- where the engines will remain on the ground -- as well as offices and assembly areas, said CRC's co-founder and chief executive officer Hugh Kolias. The company, now with 32 employees, has so far raised $22-million from government and private investors toward the development of its own reusable rocket, including designing its own engines, as these cannot be affordably sourced from a third party. Countries all over the world have been looking inward at their own space infrastructure and seeking ways to reduce their dependence on the United States. Canada's Telesat, for instance, will use SpaceX's Falcon 9 rockets to take its low-Earth-orbit constellation, Lightspeed, to space. But SpaceX plans to phase that rocket out within a few years, creating an opportunity for CRC to step in.

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