Space Tech Star Shoots Out of Canada -- and Lands on the NYSE [The Motley Fool]
Maxar Technologies Inc. (MAXR)
Last maxar technologies inc. earnings: 3/2 04:08 pm
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Source: The Motley Fool
Canada's Maxar Technologies offers rapid growth prospects, coupled with a very expensive price tag. A few weeks back, a previously unknown company purchased a full-page ad in The Wall Street Journal , announcing its arrival on the NYSE stock exchange. Maxar Technologies ( NYSE:MAXR ) is its name -- and space is its game. Buying a full-page WSJ ad is no cheap endeavor. At non-contract rates, these ads go for more than a quarter-million dollars a pop. And yet, while you may not have heard of Maxar before, this is a big company, and one with plenty of cash to throw around. Last year, Maxar -- which was known as MacDonald, Dettwiler and Associates at the time, and already listed in Canada -- bought U.S. satellite imaging company DigitalGlobe in a deal valued at $2.4 billion . This acquisition followed Maxar's 2012 purchase of Loral Space and Communications' satellite-building business, known as Space Systems/Loral (SSL) for $875 million. Look up in the sky at
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