Tiger Brokers

MDA Space Could Benefit From Amazon's Globalstar Acquisition -- Market Talk

Dow Jones
Apr 14

1117 ET - The $10.8 billion Amazon-Globalstar deal likely improves the strategic outlook for MDA Space. Canada's MDA has a $1.1 billion contract with Globalstar as its prime contractor on the low Earth orbit constellation, which Globalstar operates and Apple uses for its own satellite connection. With Amazon now in the picture, Globalstar's satellite infrastructure could become more flexible, creating a more open environment for third-party technology providers, since Amazon still needs to differentiate its satellite ambitions and close the gap with SpaceX. Desjardins analyst Benoit Poirier thinks the positioning increases the likelihood that Amazon will seek external expertise, which could create new collaboration opportunities for MDA as Amazon builds out its network. MDA shares are up 8.6% to C$46.81. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

April 14, 2026 11:17 ET (15:17 GMT)

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