1349 ET - MDA Space's C$40 billion pipeline of opportunity is riding off a surging space sector economy. CEO Mike Greenley says in an earnings call that the space economy is estimated to have grown to US$626 billion last year, and is forecasted to surpass one point $8 trillion U.S. by 2035. Behind the growth is lower launch costs, power satellite technologies and demand for more space-based connectivity. He adds that the company's C$3.69-billion backlog provides visibility in 2026, and "our C$40 billion pipeline provides confidence that we can maintain profitable revenue growth for years to come," Greenley says. Shares rise 3.8% to C$45.69. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
May 07, 2026 13:49 ET (17:49 GMT)
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