MDA Space Launches MDA Space LaunchPad Ventures

Shares of space-related companies are trading lower, possibly as Rocket Lab extended losses, falling over 8% after an analyst cut its price target following a delay to its Neutron rocket’s first launch, weighing on peers.

Shares of space-related companies are trading lower as U.S. inflation data fuel a spike in bond and Treasury yields, with expectations for interest rates to remain elevated. Monetary tightening and elevated borrowing costs pose a material threat to the sector from curtailed corporate and government financing of cosmic communications, AI compute, and exploration.

CSG enters the space sector through investment in MDA Space

CSG, a global industrial and defence group, has acquired a 9.5% equity position in MDA Space Ltd., becoming its largest shareholder. The investment is part of CSG's long-term strategy to expand into the space sector, with plans for potential cooperation including co-investments and partnerships. CSG has also established a dedicated space team led by former NATO space advisor Ladislav Stahl and corporate development expert Filip Kocián.

MDA Space Announces TSX Approval To Repurchase 8,106,539 Shares

Pursuant to the NCIB, MDA Space is entitled to purchase for cancellation up to 8,106,539 common shares ("Shares") over a 12-month period, representing approximately 5% of the issued and outstanding Shares as of

RBC Capital Reiterates Outperform on MDA Space, Maintains C$60 Price Target

RBC Capital analyst Ken Herbert reiterates MDA Space (TSX:MDA) with a Outperform and maintains C$60 price target.

RBC Capital Maintains Outperform on MDA Space, Raises Price Target to C$60

RBC Capital analyst Ken Herbert maintains MDA Space (TSX:MDA) with a Outperform and raises the price target from C$58 to C$60.