Hanwha Ocean
MOU to explore strategic investment and collaboration on launch (May 2026).
Develops Aurora, a hybrid-propulsion small-satellite launch vehicle using patented solid fuel pellets with hydrogen peroxide, plus green in-space propulsion systems, from its Longueuil, Quebec facility.

Canadian innovation builds a brighter tomorrow.
Develops Aurora, a hybrid-propulsion small-satellite launch vehicle using patented solid fuel pellets with hydrogen peroxide, plus green in-space propulsion systems, from its Longueuil, Quebec facility.
Selected for an $8.3M Phase 1 award under National Defence's IDEaS Launch the North programme, Responsive Light-Lift stream, targeting a first orbital launch in 2028. reactiondynamics.space
Signed an MOU with South Korea's Hanwha Ocean to explore strategic investment, unveiled at its new Longueuil facility (May 2026). spaceq.ca
Readying a containerized Aurora rocket that fits inside a standard shipping container for suborbital flight (July 2026). spaceq.ca
Awarded EUR 300,000 through NATO's DIANA defence accelerator (September 2025). betakit.com
Publicly announced partnerships.
MOU to explore strategic investment and collaboration on launch (May 2026).
Government support actually received. Unpublished amounts are left out.
Innovation for Defence Excellence and Security (IDEaS), National Defence — Launch the North contest, Round 1 (Responsive Light-Lift) — grant
NATO Defence Innovation Accelerator for the North Atlantic (DIANA), Phase 2 — challenge funding (euro amount; see highlight)
Aerospace Regional Recovery Initiative (REGI-ARRI), Canada Economic Development for Quebec Regions — repayable contribution
Sourced from the company's own pages or announcements.
Bachar Elzein
CEO & CTO
Maxime Goulet-Bourdon
Chief Operating Officer
Terms the company uses about its own work.
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