Canadian space startup says companies are feeling the 'pull' to move to U.S.
Obruta Space Corp., a Canadian space startup, says it's feeling pressure to move to the U.S. due to limited later-stage capital in Canada. The company has raised funding from U.S. venture-capital firms and participated in a U.S. startup accelerator program.
Obruta Space Corp., a Canadian space startup, has been named one of 27 Top Moonshot Ventures of 2026 by the National Angel Capital Organization. The company's CEO, Kevin Stadnyk, says Canada needs to increase later-stage capital to keep innovative defence and dual-use tech companies. Obruta raised a pre-seed round from U.S. venture-capital firms and family offices. The company plans to expand internationally but hopes to keep its headquarters in Ottawa. Stadnyk cites the federal government's recent announcements, including the Defence Industrial Strategy and the Space Launch Act, as 'game changers.' Canada has reserved $750 million for early-stage startup support, but industry groups differ on how to allocate the funds.
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