Business

MDA announced their financial results for the second quarter of 2023. In contrast to the recent downward trend of some other space sector counterparts, MDA saw significant growth. 

Halifax-based RF technology company Aethera Technologies Ltd. has announced that they’ve made an “undisclosed minority equity investment” in Houston’s Ad Astra Rocket Company. The two companies have a long-standing relationship and contextualizes Ad Astra’s other recent announcement that they’ve received two NASA contracts for development of their VASIMR engine. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, …

After years of delay Telesat announced today it was proceeding with the production phase of its LightSpeed constellation having secured the necessary funding and selecting MDA as the prime satellite manufacturer.

Recently retired American/Canadian NASA Astronaut Dr. Andrew J. Feustel has joined the Canadian Space Mining Corporation as their Executive Vice President of Strategy. It's a move that will certainly inspire some confidence in this ambitious small startup that has big designs related to the Moon and beyond. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology …

Public Services and Procurement Canada (PSPC) announced on July 31 that MDA has won an award to conduct a study on the feasibility and value of the Arctic Observing Mission (AOM). The award was for $2.5M and will last until the end of 2024. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and more. Support …

Space Capital has published its Q2 2023 Space Investment Quarterly report which they say show “signs of stabilization in Q2 despite sluggish deal activity and poor exit conditions.”

Canadensys Aerospace has a lot of lunar projects in the works. The company recently announced it has delivered a multi-spectral microscope to the Johns Hopkins University Applied Physics Laboratory (APL), for the Lunar Vertex Mission. Vertex is funded under NASA’s Commercial Lunar Payload Services (CLPS) program that is aiming to deliver payloads to the moon to support the Artemis human missions.

At 7:27 PM EDT Monday evening a Rocket Lab Electron launched from the Launch Complex 1 in New Zealand taking the “Baby Come Back” mission to orbit. One of the payloads was the Telesat LEO 3 demonstration microsatellite.

The House of Commons Standing Committee on Finance (FINA) is once again looking for input as part of its annual pre-budget consultations.

An internal audit of the Canadian Space Agency’s Lunar Exploration Accelerator Program (LEAP) did not reveal any substantive issues but did provide some additional details on program spending.