A partnership between Canadore College and Swiss Space Systems appears to be dead on the launch pad today as reports out of Europe say S3 is bankrupt.
Two years ago, then MP Jay Aspin announced funding for a partnership between Canadore Aviation and Swiss Space Systems (S3) as part of a $10 million project that would have seen the development of a composite materials facility followed by the launch of private sector sub-orbital satellites from the region.
See: Sub-Orbital Shuttle Testing to take place in North Bay
Now the space technology firm has been declared bankrupt by a court in Switzerland.
S3 was trying to make space more accessible by creating low-cost, reusable satellite launchers and it also intended to of…
Read the full article at: https://www.baytoday.ca/local-news/swiss-space-systems-declared-bankrupt-491696