Canada’s Space Boom: Inside the Great White North’s $5B Space & Satellite Surge (2025 Report)
Canada’s space sector generated $5.0 billion in revenue in 2022, with exports rising 12% to $2.0 billion. The industry employed 12,624 people, an 8.6% increase from 2021, and spent a record $593 million on R&D. Satellite communications accounted for about 80% of sector revenue. Canada secured a $2.1 billion contract to build 198 satellites for Telesat’s Lightspeed network.