Canada on Friday announced a multi-year plan to support the first privately built rocket launches in the country and develop new launch regulations, as global demand for space-based services soars.
The goal, presented at the Canadian Space Agency’s headquarters by transportation minister Omar Alghabra, is aimed at significantly expanding the country’s space capabilities and commercial space sector, most prominently composed of firms such as Telesat and MDA and the country’s presence on the International Space Station.We want to convey the message loud and clear… that Canada intends on being a leader in the field of space,” Alghabra said, adding that stimulating a commercial launch capability would benefit Canada’s economy and add more jobs.
Plans by various countries and U.S. companies to deploy vast networks of thousands of internet-beaming satellites in the next few years have generated a wave of new launch companies looking to get a slice of what some analysts expect to become trillion dollar space market by 2030.
