News Summary

Canadian aerospace company NordSpace has launched a new venture division, NordSpace Ventures, focused on investing in the space, defense, and dual-use technology sectors. Its first investment is in Wyvern, an Edmonton-based space data company known for its powerful satellite imaging technology. This strategic move aims to build sovereignty in Canadian aerospace capabilities, particularly as Canada seeks to establish its own space launch capabilities. Wyvern’s CEO, Chris Robson, highlighted that the investment will advance the development of Wyvern’s next-generation Rosette satellites, which feature deployable optics for enhanced imaging. This partnership provides NordSpace with access to Wyvern’s advanced imaging technology while offering Wyvern launch services through the Atlantic Spaceport Complex. This collaboration is pivotal for both companies and the broader Canadian aerospace industry, as it supports the goal of achieving domestic space launch capabilities.