‘Opportunities to invest’: Experts say space business needs boost in Canada - Terrace Standard

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.

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.

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''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.
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