MDA Space, headquartered in Brampton, Ontario, Canada, is a global space technology company and a trusted mission partner to the global space industry. As a robotics, satellite systems, and geointelligence pioneer, MDA Space specializes in communication satellites, Earth and space observation, and space exploration and infrastructure. They are known for developing the Canadarm series and contribute to missions with partners like NASA and the Canadian Space Agency (CSA). MDA Space's activities span space robotics, satellite systems, and geointelligence.
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MDA Space expects to capture a significant portion of the $180 billion allocated under Canada’s updated defense strategy.
MDA Space is finalizing a new manufacturing facility in Quebec to meet demand from the Telesat Lightspeed and Globalstar constellations.
MDA Space was added to the S&P/TSX Composite Index in March 2024.
MDA Space projects 2026 revenues between $1.7 billion and $1.9 billion.
MDA Space expects the new Quebec manufacturing facility to double its satellite production capacity by 2027.
MDA Space issued 9,836,065 common shares at $30.50 per share in its U.S. offering, generating gross proceeds of approximately $300 million.
MDA Space made 9,836,065 common shares available at US$30.50 per share in its initial public offering.
MDA Space will grant the underwriters an over-allotment option for up to an additional 15% of the common shares sold in the offering.
MDA Space reported $1.6 billion in revenue for fiscal 2025, which was a 51% increase over the previous twelve months.
MDA Space plans to bid on Space Development Agency contracts and expand its technical footprint beyond its Canadian headquarters.
MDA Space has applied to list its common shares on the New York Stock Exchange under the symbol MDA.
MDA Space serves as the prime contractor for the Telesat Lightspeed LEO constellation.
BMO Capital Markets, Deutsche Bank Securities, Jefferies, Scotiabank, and Canaccord Genuity are joint active bookrunners for MDA Space's offering.
MDA Space's offering in Canada will be made only by means of the base shelf prospectus and the preliminary prospectus supplement.
The closing of MDA Space's offering is subject to the underwriting agreement, the listing of the common shares on the NYSE and the TSX, and required approvals from the NYSE and the TSX.
BMO Capital Markets, Deutsche Bank Securities, Jefferies, Scotiabank, and Canaccord Genuity served as joint active bookrunners for MDA Space’s U.S. offering.
MDA Space Ltd. closed its initial public offering in the United States on Monday, March 16, 2026, and entered the New York Stock Exchange through a dual listing.
MDA Space intends to use the net proceeds of the offering to expand its customer base and solutions, support the growth of existing customers, pursue acquisitions or investments, and repay a portion of amounts outstanding under its existing credit facilities.
MDA Space named J.P. Morgan and RBC Capital Markets as joint lead active bookrunners for the initial public offering, with BMO Capital Markets, Deutsche Bank Securities, Jefferies, Scotiabank, and Canaccord Genuity serving as joint active bookrunners.
MDA Space filed a preliminary prospectus supplement to its base shelf prospectus dated August 7, 2025 with Canadian securities regulators and the U.S. Securities and Exchange Commission.