$MDA

MDA Space Ltd. (TSX: MDA, NYSE: MDA) launched MDA Space LaunchPad Ventures to invest in Canadian SMBs developing space and defence tech. The program targets 25 areas, aiming to bolster Canada's industrial base and modernize armed forces. Selected firms gain access to MDA's expertise and ecosystems. Applications are open via MDA's website.

MDA Space Ltd. (NYSE:MDA) reported strong Q2 results, with revenue of C$499M (up 34% YoY) and EPS of C$0.36, beating estimates. The company raised its 2026 guidance and has a backlog of over C$4B. Analyst Sheila Kahyaoglu reduced her price target to $49 but maintained a Buy rating, citing 53% upside potential. The stock has gained 67% YTD and trades at a forward P/E of 32x.

MediaAlpha (NYSE: MAA) stock fell 1.5% in pre-market trading to $12.75 after JPMorgan initiated coverage with a Neutral rating and $15.00 price target, citing limited near-term catalysts despite strong revenue growth. CEO Steven Yi's recent share sale and a weak broader market also weighed on the stock.

MDA Space delivered eight replenishment communications satellites to orbit for Globalstar, launched on a SpaceX Falcon 9 from Cape Canaveral. Globalstar says all eight reached intended orbit and are performing normally, with commissioning underway. The satellites replace aging fleet. Globalstar ordered 17 in 2022 ($415m) and also has a $1.1b MDA Aurora contract for 50+ satellites.

MDA Space says it has deployed the first eight Globalstar LEO satellites after developing, integrating and testing them at its Montreal facilities and shipping them to Space Launch Complex 40. MDA is building 17 satellites total, with nine remaining in integration. The new spacecraft will extend Globalstar’s existing direct-to-device and IoT LEO constellation, while MDA ramps high-volume production.

MDA Space launched the first eight Globalstar2-R satellites on Aug. 15, 2026, and plans in-orbit testing before integrating the remaining nine. CEO Mike Greenley said a new manufacturing facility is improving high-volume production. The company also reported Q2 2026 revenue of CAD 498.6 million (+33.6% YoY) and adjusted EBITDA of CAD 96.3 million (+26.2%).

MDA Space (TSX:MDA, NYSE:MDA) says it successfully deployed the first eight Globalstar 2-R replenishment satellites into low Earth orbit on Aug. 15, 2026, via a SpaceX Falcon 9 launch. The satellites will undergo in-orbit testing during commissioning. MDA says nine additional satellites are being integrated, and once operational they will extend Globalstar’s LEO constellation life.

MDA Space (TSX:MDA, NYSE:MDA) and Globalstar (NASDAQ:GSAT) said eight Globalstar replenishment satellites were successfully launched on Aug 15, 2026 on a SpaceX Falcon 9 and entered commissioning. MDA said nine more satellites remain in final integration; once operational, they are expected to extend Globalstar’s LEO constellation for direct-to-device and IoT services.

Simply Wall St reports MDA Space (TSX:MDA) secured an expanded role in Canada’s defence and communications programs, including a CAD 474 million increase to its Telesat Lightspeed satellite contract and prime contractor duties for the Enhanced Satellite Communications Project – Polar. The company also reported higher quarterly sales and opened its CHORUS mission control centre in Québec, expanding backlog and long-cycle government revenue.

MDA Space Ltd opened the MDA CHORUS Control Centre in St-Bruno-de-Montarville, Quebec, as the operational hub for its MDA CHORUS Earth observation satellite constellation. The company says the dual-band system will provide 700 km-wide imaging swaths and sub-metre spotlight images, day or night, regardless of weather. MDA Space targets a late-2026 launch and early-2027 commercial operations.