While the TSX Composite index is up 6.98% the first three months this year, the month of March was quite turbulent with the index up just under 1%. The unsettled market has had an impact on the uptake of MDA's initial public offering which is scheduled to be listed next week. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, …
Read More »Canadian Spaceport Report – Northern Private Capital expressed an interest in Nova Scotia spaceport
This is the first edition of the Canadian Spaceport Report, the renamed report for our previous series we called the Canadian Spaceport Launch Vehicle Power Rankings. Among the updates in this report is news concerning Maritime Launch Services (MLS) and we've also learned that Northern Private Capital visited Yuzhnoye Design Office with MLS. This page is for subscribers only. Already a subscriber? Log in. Fact-driven …
Read More »MDA begins releasing new promotional videos ahead of IPO
When MDA became a private company last year it began a rebranding including a new logo, social media accounts and a new YouTube channel. That YouTube channel has been quite quiet until about a week ago.
Read More »As MDA aims to raise $500M in an IPO is it under or overvalued (updated)
MDA Ltd. has released its preliminary prospectus for its initial public offering (IPO) and is looking to raise $500 million with an offering price per share between $16 and $20. If the interest in the IPO is strong, then the company could be valued at $2 billion as it goes public. That valuation would suggest a nice return on investment for Northern Private Capital (NPC) …
Read More »Report: MDA set to file for public offering in coming days
When MDA was acquired by Northern Private Capital (NPR), SpaceQ interviewed its CEO Andrew Lapham who told us that the likely result of the investment would be an initial public offering (IPO). A report in today’s Globe and Mail states that the expected IPO filing will happen within days.
Read More »MDA advocates for a long-term space plan in House Committee hearing
If you thought the space community was satisfied with the Space Strategy the Liberal government unveiled two years ago, think again. With MDA leading the charge from the industry perspective, CEO Mike Greenley called for a long-term space plan among the short list priorities government should be thinking about. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, …
Read More »Industry committee to discuss the development and support of the aerospace industry
The House of Commons Standing Committee on Industry, Science and Technology (INDU) is holding meetings starting next week on the Development and Support of the Aerospace Industry.
Read More »MDA garners government Dark Vessel Detection contract adding to a very busy month of news
If the start of 2021 is any indication of how the new Canadian owned MDA is going to fare, then when the company does go public, possibly this summer according to the Globe and Mail, then the pitch to institutional investors might go pretty smoothly. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and more. …
Read More »Telesat, MDA secure $400 million investment from the Government of Québec, will invest $1.8 billion in the province
As NASA's Perseverance rover was preparing for its successful descent and landing on Mars, another successful event was happening in Québec, the announcement that $1.8 billion would be invested into the province by Telesat, MDA and the Government of Québec for Telesat's Lightspeed telecommunication satellite constellation. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and …
Read More »Canada wants to join NASA Mars ice mapping mission, again
On February 3rd NASA issued a press release that got little notice stating they and three international partners, including Canada, had signed a statement of intent to assess a mission to map ice on Mars. The press release made sure to tie into the lunar Artemis program. There's just one thing though, Canada had already signed on to a similar NASA mission and even had …
Read More »