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January 22, 2024
Reaching beyond - A $40 billion Canadian space economy by 2040
(Excerpt from article:)
A new report by Deloitte Canada, in collaboration with Space Canada, states that Canada is well-positioned to benefit from the significant economic opportunities that the space sector presents. However, to do so, the country needs to develop a smart, sustained, and well-executed strategy. The report, Reaching beyond: A $40 billion Canadian space economy by 2040, examines the current role of space in Canada’s economy and its potential for growth and further contribution to the country’s prosperity.
(From the report, link below:)
According to the CSA's (Canadian Space Agency) most recent calculations (2019).
The Canadian space sector generates $5.5 billion in revenue annually and contributes $2.5 billion to the GDP.
Space is one of the county's most R&D-intensive industries.
The space sector supported a total of almost 23,000 jobs in Canada.
SMEs account for more than 90% of Canadian space firms and about 30% of employment in the space sector.
[But] as impressive as Canada's space sector may appear, it accounts for only about 1% of today's worldwide space economy.
If Canada can create the conditions to capture a share of the worldwide space economy comparable to its share of the general economy, our space sector could be worth $40 billion by 2040.
"40 by 40" is a goal world pursuing.
Full article here:
January 16, 2024
Government of Canada selects 10 companies for SoCal-Canadian Space Accelerator, led by Mandala Space Ventures
(Excerpt from article:)
Mandala Space Ventures, a Pasadena-based venture studio and leader in supporting entrepreneurs and venture capitalists to successfully launch companies within the emerging new-space economy, announced today the selection of 10 Canadian space startups to take part in the SoCal – Canadian Space Accelerator.
The companies selected are:
Baune from Edmonton
GALAXIA Mission Systems inc. from Halifax
Magnestar from Toronto
Obruta Space Solutions from Ottawa
OroraTech Ltd. from Vancouver
Reaction Dynamics from Saint-Jean-sur-Richelieu
SBQuantum – Reveal the invisible from Sherbrooke
Wyvern from Edmonton
Volta Space Technologies from Montreal
Stealth Mode Company from Toronto
Full article here:
January 8, 2024
NorthStar Earth & Space announces the inaugural launch of the world's first commercial space-based SSA object tracking service
(Excerpt from article:)
NorthStar’s commercial, space-based SSA service will provide “always on” continuous monitoring of resident space objects (RSO’s) in near-Earth LEO, MEO, and GEO. NorthStar’s unique services will include manoeuvre detection, conjunction warning, and anomaly detection at a higher level of speed and precision than previously available from conventional systems. The company’s planned flight of 12 satellites by 2026 will increase coverage to greater than 60% of the near-Earth orbital sky at any given time and up to 100%, when used in collaboration with other sensors.
Full article here:
NorthStar Earth & Space announces the inaugural launch of the world’s first commercial space-based SSA object tracking service - NorthStar Earth & Space Inc. (northstar-data.com)
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