Q: If the Globe is to be believed Apple owns 20% of Globalstar courtesy of a USD 1.5 Billion financing. Globalstar in turn has added $750 million (CAD?) to MDA’s existing contract to build satellites for Globalstar. The satellites will be manufactured in Montreal presumably tariff free provided I suppose they don’t use a US launch site.Do you know if there are Canadian launch sites/companies? Is Magellan Aerospace a candidate? Any thoughts you have would be appreciated.
Jim
Jim
5i Research Answer:
MAL is focused on commercial and military aircraft and not satellites. There is one spaceport in Nove Scotia, with its first orbital launch expected in 2026. We are unaware if the companies noted have discussed any Canadian activities.