'Opportunities to invest': Experts say space business needs boost in Canada

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 99%

Business News News

Business Business Latest News,Business Business Headlines

With a long history in the space industry and a pocketful of healthy companies, Canadians are good at both. But industry executives and experts say the country needs a booster to maintain an advantage in a sector poised to, well, skyrocket.

"We have a lot more experience having companies that make their way in space than a lot of countries do," said Iain Christie, a longtime space executive and analyst." we're still dining out on work that was done 20 years ago."

In 2000, putting a satellite into orbit cost $25,000 per kilogram. Now, depending on which rocket carries the load, it could be as little as $4,000.In 2011, Stephane Germain realized that increasing concern about greenhouse gas emissions was going to create demand to measure them, which can best be done from space.Today, his company GHGSat has six satellites in orbit, with another four planned over the next year.

"There are opportunities to invest in lunar infrastructure," Greenley said -- communications networks, electric vehicles, even space-based mining.Canada's long history in space -- it was the third country to launch a satellite -- has also given it recognized expertise in techniques including synthetic aperture radar, which allows satellites to peer through clouds or at night with amazing accuracy.

Greenley said that when the International Space Station was the big game in town, there were five space agencies involved. Now, he said, there are 21 countries taking part in NASA's Artemis program to the moon.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Stop spending money

Ask him if Elon efforts are cheaper than nasal

recycling of space junk

Keyword : experts More know now it's total BS Find a new word

Man maybe we should just concentrate on helping the people that live in this country that need help right now instead of worrying about outer space

That will not happen under Trudeau's watch. Too much of his personal aviation gas used up.

Moon landing was a hoax just like climate change,it’s only changing by governments manipulating it ,cloud seeding etc

Everything needs a boost in Canada. We produce nothing, unless you include woke bullshit.

Mind ya own business needs a boost in Canada.

I would not!

ACOACanada Nrxc Space Group could be that boost I just need a boost. 😃 🤞

LoL

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

''Opportunities to invest': Experts say space business needs boost in CanadaIt's hard to make things work in space, and even harder to make money there. Too bad the government taxes people and corporations to death in Canada As long as it's not government money. Government can't afford this.
Source: CP24 - 🏆 30. / 67 Read more »

‘Opportunities to invest’: Experts say space business needs boost in Canada - Terrace StandardDecreasing cost of space technology, launch opens opportunity for citizen investment
Source: TerraceStandard - 🏆 24. / 68 Read more »

'Opportunities to invest': Experts say space business needs boost in CanadaIt’s hard to make things work in space, and even harder to make money there.
Source: calgaryherald - 🏆 64. / 52 Read more »

‘’Opportunities to invest’: Experts say space business needs boost in CanadaIndustry executives and experts say the country needs a booster to maintain an advantage in a sector poised to, well, skyrocket.
Source: TorontoStar - 🏆 60. / 55 Read more »