MDA Space Ltd. Common Shares (MDA)

The short form base shelf prospectus is accessible, and the final prospectus supplement will be accessible within two business days, through SEDAR+

MDA Space (NYSE:MDA) shares are moving lower in Wednesday's after-hours session after the company announced an offering of common stock.

The short form base shelf prospectus is accessible, and the final prospectus supplement will be accessible within two business days, through SEDAR+

TORONTO, July 08, 2026 (GLOBE NEWSWIRE) -- MDA Space Ltd. (TSX:MDA) (NYSE:MDA) (“MDA Space” or the “Company”), a trusted mission partner to the rapidly expanding global space industry, today announced that it has entered into a firm and irrevocable offer to acquire a majority interest in CLS (the “Transaction”), a global leading provider of AI-driven Earth observation value-added services and satellite IoT solutions. With more than 14,000 customers in approximately 150 countries, CLS is expected to generate approximately €286 million (C$465 million) in revenue in 2026.

MarketBeat's weekly roundup covers a weaker June jobs report, tech sector rotation, and top analyst picks including TSLA, AVGO, PLTR, MRNA, and NEE heading into Q2 earnings season.

MDA Space is expanding its sovereign defense footprint through cross-border acquisitions and securing lucrative government infrastructure contracts.

Of the three recent space IPOs, MDA Space sits at the top of the list.

Space could be a $1.8 trillion opportunity, and these two companies are positioning themselves to grab a big piece of the action.

Intuitive Machines and MDA Space are two standouts.

Congress wants NASA to pick at least two space companies to build a new International Space Station.