“While other countries have been increasing their investments in space, Canada has fallen from 8th place in 1992 to 18th place (% of GDP), and hasn’t had a long-term plan to guide Canada’s investments for decades,” the group said on its website.
“The economic stakes of space participation are higher than ever. The global space market is worth over USD $380B today; analysts forecast it will grow to be a multi-trillion-dollar market in coming decades,” the website states. “Ambitious governments are staking their claims. Luxembourg plans to be the leading country in space mining; the UK aims to capture 10 percent of the global space market by 2030.”
Among the members of the coalition are MDA, Honeywell, Magellan Aerospace, ABB, AIAC, Neptec, Canadian Space Society, Canadian Astronautics and Space Institute, and The Planetary Society. A full list of members is on the organization’s website.
The group is calling for a properly funded, long-term Canadian Space Strategy to guide the nation’s efforts. One pressing concern is a decision on whether Canada will participate in the U.S.-led Lunar Gateway program, which will place a human-tended station in orbit around the moon.