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    What MDA Space (TSX:MDA)'s Globalstar Falcon 9 Launch and Record Backlog Means For Shareholders

    Simply Wall St·08/28/2026 04:47:55
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    • On 16 August 2026, Globalstar Inc. confirmed that eight replenishment satellites built, integrated, and tested by MDA Space in Montréal were successfully launched aboard a SpaceX Falcon 9 from Cape Canaveral and entered in-orbit commissioning, with the remaining nine satellites in final integration.
    • Once commissioned, this refreshed Globalstar constellation is expected to extend service life for direct-to-device and IoT connectivity, underscoring MDA Space’s role as a key supplier for high-volume low Earth orbit communications infrastructure.
    • We’ll now look at how this successful Globalstar deployment, alongside MDA Space’s upgraded 2026 guidance and C$4.00 billion-plus backlog, shapes its investment narrative.

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    MDA Space Investment Narrative Recap

    To own MDA Space, you need to believe that large, high-volume low Earth orbit programs can keep its expanded Montreal capacity busy and turn today’s backlog into profitable, on-time deliveries. The successful Globalstar launch supports this story by showing MDA can execute at scale, but it only modestly reduces the biggest near-term risk: potential gaps or delays in follow-on constellation orders that could leave new manufacturing capacity underutilized.

    Among recent announcements, the expanded Telesat Lightspeed order (adding 27 AURORA satellites and C$474 million to backlog) looks most relevant beside Globalstar. Together, these programs showcase how Montreal’s facility is being filled with multi-year LEO work, reinforcing the main catalyst of backlog conversion, while still leaving execution risk on large, complex contracts as a key factor to watch.

    Yet beneath the contract wins, investors should also be aware of the risk that if new LEO orders slow or slip, MDA’s enlarged Montreal facility could...

    Read the full narrative on MDA Space (it's free!)

    MDA Space's narrative projects CA$3.7 billion revenue and CA$318.7 million earnings by 2029.

    Uncover how MDA Space's forecasts yield a CA$67.27 fair value, a 60% upside to its current price.

    Exploring Other Perspectives

    TSX:MDA 1-Year Stock Price Chart
    TSX:MDA 1-Year Stock Price Chart

    Some of the lowest-estimate analysts paint a more cautious picture, even before this Globalstar success, assuming revenue only reaches about C$3.3 billion and earnings C$265 million by 2029, so you see how views on contract concentration and long term growth potential can differ sharply and why it is worth comparing several perspectives before deciding what you believe.

    Explore 6 other fair value estimates on MDA Space - why the stock might be worth just CA$51.00!

    The Verdict Is Yours

    Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.