What Happened
Ottawa Seeks Lucrative Market Share And Industry Growth
Canada has unveiled plans to permit commercial space launches, aiming to capitalize on a lucrative market and build up its industry. The move is part of an effort to reduce reliance on the US and could drive billions in investments, creating good-paying jobs. According to Reuters, the draft legislation would allow Ottawa to regulate and oversee space launches conducted from Canadian territory, as well as re-entry, and is designed to support investment and infrastructure development. This development was first reported by Reuters.