2024-05-10 16:58:32 ET
Summary
- Space offers commercial and defense opportunities, including space exploration, tourism, geospatial analytics, and defense communications.
- MDA Space's Q1 2024 earnings show mixed results, with a 14% revenue increase but only 3% growth in adjusted EBITDA.
- MDA Space's outlook for 2024 is more promising, with expected revenue growth of 25% and adjusted EBITDA growth of 15%.
Space is an area that increasingly draws the attention of investors, and to me, that's not quite surprising. In space, we see commercial interest as well as defense interest coming together, which gives space companies the ability to capitalize on commercial demand trends as well as defense demand trends. Both of those end-markets offer bigger opportunities than they did years ago. In commercial space, there are opportunities when it comes to space exploration, tourism, geospatial analytics and telecommunication. We see increasing demand for defense communications as well as space-based solutions for missile defense as well as telemetry and tracking....
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For further details see:
MDA Space: An Opportunity To Capitalize On Space Tech Growth