LUNR Aerospace Advances Toward Canada’s First Sovereign Orbital Launch with Engine Test Milestone Copy

Toronto, Canada – June 25, 2025 – LUNR Aerospace Corporation (“LUNR” or the “Company”), Canada’s first sovereign orbital launch provider, is pleased to announce the completion of its full propulsion system design and the commencement of preparations for its inaugural hot fire engine test, anticipated within the next 12 months.

Founded in 2024, LUNR Aerospace is building Canada’s first orbital-class rocket platform, addressing a long-standing strategic gap in national capabilities. Canada remains the only G7 country without independent orbital launch infrastructure. LUNR’s mission is to develop high-payload, cost-efficient rockets and AI-optimized infrastructure to serve commercial, scientific, and governmental missions worldwide.

With key early milestones already achieved—including the successful completion of its test stand, thrust stand, and full injector design—LUNR now moves into its next critical phase. The Company’s proprietary propulsion system, developed entirely in Canada, integrates AI-powered optimization for tank geometry, thermal regulation, and orbital trajectory modeling, enabling reduced cost per mission and faster development cycles.

“Our vision is not only to build rockets, but to build Canada’s presence in space,” said Jeanue Chung, CEO of LUNR Aerospace. “Completing our propulsion design puts us on track to deliver Canada’s first sovereign orbital launch capability—and gives us a unique opportunity to offer emerging markets a responsive, trusted new partner in space.”

LUNR’s flagship rocket, LUNR-01, will be Canada’s largest-ever launch vehicle. It is designed with simplified architecture and scalable manufacturing, optimized for ride-share missions and underserved international markets. The Company is also planning future systems including LUNR-02, targeting lunar access by 2028, and LUNR Space & Labs, a longer-term vision for orbital infrastructure, robotics, and lunar mining initiatives.

Backed by a deeply technical founding team and advisors with experience in national space policy, LUNR is actively engaging strategic partners across Africa, Latin America, Southeast Asia, and Eastern Europe—regions largely overlooked by legacy providers.

LUNR is currently raising capital to complete engine testing and scale into commercial launch readiness by 2027. Its vertically integrated roadmap includes launch services, orbital infrastructure, and lunar systems—each designed to generate recurring revenue while reducing Canada’s reliance on foreign space platforms.

About LUNR Aerospace

LUNR Aerospace is an advanced launch and space systems company headquartered in Toronto, Canada. As the country’s first orbital-class rocket developer, LUNR is building the infrastructure, vehicles, and technologies to launch Canada—and the world—into orbit and beyond. With a focus on scalable engineering, AI optimization, and global inclusivity, LUNR is redefining what it means to be a spacefaring nation.

Forward-Looking Statements Caution
This news release contains forward-looking statements, including statements regarding the Company’s development plans, projected timelines, and future operational milestones. All statements other than statements of historical fact are forward-looking statements that involve various risks and uncertainties. Actual results may differ materially from those expressed or implied in such statements due to numerous factors beyond the Company’s control. The Company undertakes no obligation to update or revise these forward-looking statements unless required by applicable law.