What’s going on here?
MDA Space just reported a standout third quarter, growing revenue 45% year-over-year to C$409.8 million and nearly doubling adjusted EBITDA, easily beating expectations and turning investors’ heads.
What does this mean?
This stellar performance comes from rising demand for advanced satellite systems, with major wins like the Telesat Lightspeed and Globalstar low-Earth orbit projects. The firm’s SatixFy Communications acquisition is already expanding its capabilities, and showing off AURORA™ digital beam forming tech is attracting fresh customer interest as demand for global connectivity keeps rising. Confident in the outlook, MDA Space reaffirmed its 2025 revenue target of up to C$1.63 billion and expects strong EBITDA, even as it ramps up investment in future-focused projects. Analysts are upbeat about the company’s innovative edge and firming grip on the market.
Why should I care?
For markets: Valuations meet real growth.
In a tech sector crowded with volatility, MDA Space’s booming sales and healthy profits stand out. The stock now trades at 14 times forward earnings—down from 26 just three months ago—which suggests earnings growth is outpacing the share price. Most analysts are bullish, and the median price target hints at over 50% upside, keeping the stock on plenty of watchlists as new contracts and tech milestones keep rolling in.
The bigger picture: Space tech powers global change.
Satellites are fast becoming core to global communications and data infrastructure, moving the industry away from one-off launches to persistent networks in orbit. MDA Space’s results show how next-gen satellite demand is reshaping the broader space sector, drawing investment and partnerships. As more players join the race, established firms like MDA Space could be central to the market’s growth and wider economic impact.
