MAXR Stock Recent News

Maxar Technologies remains a leader in both satellite manufacturing and geopolitical intelligence.

Maxar Technologies Inc. (NYSE:MAXR ) Q3 2022 Earnings Conference Call November 4, 2022 5:00 PM ET Company Participants Jonny Bell - Investor Relations Daniel Jablonsky - President and Chief Executive Officer Biggs Porter - Executive Vice President and Chief Financial Officer Dan Nord - Senior Vice President and General Manager, Enterprise Earth Intelligence, Maxar Conference Call Participants Matt Akers - Wells Fargo Colin Canfield - Barclays Peter Arment - Baird Chris Quilty - Quilty Analytics LLC Robert Spingarn - Melius Research Tim James - TD Securities Michael Ciarmoli - Truist Securities Austin Moeller - Canaccord Genuity Operator Good day and welcome to Maxar Technologies' Third Quarter 2022 Conference Call and Webcast. Today's call is being recorded.

Maxar said Thursday the first launch of its key next-generation imagery satellites is set for the beginning of next year.

Rising interest rates hurt the company a lot; interest costs are enormous. It seems like the revenue potential of the Legion fleet is overrated.

Maxar (MAXR) and Astra Space Operations enter into an agreement whereby Astra will be supplying Astra Spacecraft Engines to be used in Maxar's low Earth orbit spacecrafts.

The market's tendency to associate defense companies only with those producing weapon systems is wrong. Events in Ukraine have clearly demonstrated that satellite imagery now plays a key role, both for military defensive and offensive purposes.

This segment originally aired on October 5, 2022. ProcureAM Founder and CEO Andrew Chanin joins Yahoo Finance Live anchors Dave Briggs to talk about space launch ETFs and how it could be a new investing opportunity over the next two decades.

While Elon Musk's SpaceX is attempting to make humans multi-planetary, a number of publicly traded space stocks are forging ahead with plans to deliver massive payloads to space, provide access to high speed internet across the globe, and even create a space tourism industry. Analysts at Citigroup are predicting that the space industry could reach $1 trillion in revenue by 2040.

Aerospace & defense stocks have been a source of relative calm in a wild year, but not all of its components trade the same way. Maxar Technologies, invested in the space exploration niche, has suffered since early 2021.

Maxar Technologies (MAXR) expects to benefit from higher demand for the company's 3D and other innovative geospatial products. Stiff competition and a leveraged balance sheet are major concerns.