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.
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. "We want to make sure that we're keeping pace with emerging technologies and business models" Canadian Space Agency president Lisa Campbell said, adding she and other officials plan to meet soon with space business leaders to discuss ideas for new launch rules.
A suborbital rocket from startup Reaction Dynamics is expected to launch in 2023 under existing domestic rules from a Canso, Nova Scotia launchpad being built by Maritime Launch Services, one of Canada's only launch companies, MLS chief executive Steve Matier told Reuters.
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