Canada Announces Plans To Boost Local Rocket Launches

Canada has unveiled a multi-year plan to launch the world’s first privately built rocket launcher and develop new missile laws in response to the growing demand for space-based services globally. It aims to significantly increase the country’s space capabilities and commercial space sector, primarily made up of companies such as Telesat and MDA, as well as the country’s presence on the International Space Station. Canada’s Transport Minister Omar Alghabra announced at the Canadian Space Agency’s headquarters.

“We want to convey the message loud and clear… that Canada intends on being a leader in the field of space,” Alghabra said. Stimulating commercial manufacturing capacity will benefit Canada’s economy and add more jobs.

A wave of new launch companies has emerged due to plans by various countries and US businesses to deploy vast networks of thousands of Internet-lighting satellites in the coming years. These companies are vying for a slice of what some analysts predict will grow into a trillion-dollar aerospace market by 2030.

“We want to make sure that we’re keeping pace with emerging technologies and business models,” Canadian Space Agency president Lisa Campbell said.

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