Space News: Op-ed | Canada’s space sector set for a relaunch
by Brian Berger On April 1, MDA, Canada’s leading space technology company, best known for developing the robotic Canadarm used on the International Space Station, raised 400 million Canadian dollars ($320 million) in its initial public offering on the Toronto Stock Exchange. Last November, Telesat Canada announced that it was combining with its major shareholder Loral Space & Communications to form one public company to finance its LEO constellation, wherein the newly formed Telesat Corporation will be a publicly traded Canadian incorporated and controlled company. This is encouraging and in line with the global space industry which has witnessed a growth trajectory last year despite the overall economic slump due to the pandemic. Investment in the space industry set a record in 2020 with the space infrastructure segment clocking $8.9 billion, while the total 2020 investment of $25.6 billion in the space sector was the third highest in the decade, accordin...