Space Economy: Experts Forecasting and Paris Airshow

space economy: The deal with CCC will be signed on Monday at the Paris Airshow. ; Bain cited strong international interest in the project given increasing levels of activity in space, and mounting concerns about the dangers posed to satellites by some 600,000 estimated pieces of debris floating in the Earth's orbit, according to The Japan Times. The United States and other governments already collect such data, but demand for near real-time information that is commercially available is growing rapidly, with experts forecasting a new space economy worth over 1 trillion a year. Support from the Canadian Commercial Corporation CCC will allow Canadian start-up North Star Earth and Space to negotiate initial service agreements with the United States, Britain and other countries, North Star CEO Stewart Bain said. This agreement puts us in a strong position to work with the United States, the U.K. and other countries to deliver our services, Bain told Reuters, noting the government of Canada and Quebec had each already invested 13 million to date. North Star's proposed system calls for the 2021 launch of a new constellation of small satellites that will use an array of hyperspectral, infrared and optical sensors to continuously monitor and analyse the Earth's ecosystems and orbit. Private investors in the project include Telesystem Space Inc. of Montreal, the majority shareholder, and the Space Alliance of Europe, which was formed by Telespazio and Thales Alenia Space, a joint partnership formed by France's Thales and Italy's Leonardo. (news.financializer.com). As reported in the news.