Are Canadian Companies Ready for Space Commerce?

Developing business awareness around the notion of Space as the next level of economic and commercial activity is critical for Canada’s leaders. In this publication, Fatima Atik, our Honourary Fellow of the Policy Insights Forum, a non-partisan research and analysis division of Samuel Associates, explores the topic of Space commerce and Canada’s readiness to seize this emerging economic, industrial and technological sector.

“As a leading advisor to many influential businesses and organizations, we are noticing an increasing demand from our clients regarding Space-based commercial activities ranging from telecommunications in the far North to Artificial Intelligence-based applications managing global transportation and its effect on climate change. We are pleased to be supporting the work of forward-thinking leaders like Fatima Atik through our firm’s work,” says Goran Samuel Pesic, President & CEO of Samuel Associates.

The future of Space is expected to be predominately commercial, and Canada must be positioned to promote and protect its economic Space sector. For all Canadians to benefit, political leadership must be exercised at the highest level of government to ensure that Canada does not lag in the race to commercialize Space. Together, the private sector and all levels of government must forge a common strategic vision to ensure that technological innovation, corporate profitability, national security, and economic prosperity remain at the centre of our shared future, both working and potentially living, in Space.