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MDA Space Has Landed A Billion Dollars In Federal Funding

July 8, 2024
x min read

One of the most exciting publicly traded space companies in Canada has just landed an enormous deal to build the future of robotics for orbit.

What’s happening:

  • Space technology company MDA Space (TSX:MDA) has announced they have been awarded $1 billion from the Canadian Space Agency to help advance the Canadarm3 mission

Why it matters:

  • The Canadarm3 mission is a collaboration between the Canadian Space Agency and NASA which is aiming to build a functioning space station in lunar orbit to support missions by both humans and robotics to the surface of the Moon

Going deeper:

  • MDA Space has developed multiple innovative robotics that are purpose built for space exploration, infrastructure development and resource extraction
  • Publicly traded companies focused on space exploration have been starting to make significant breakthroughs lately, with a notable successful launch into orbit from Intuitive Machines (NASDAQ: LUNR) which was done in collaboration with Elon Musk’s SpaceX

The intrigue:

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