MAXR Stock Recent News

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.

Undervalued space stocks just got a little easier to find. The Russian invasion of Ukraine has re-ignited the debate over the multi-billion-dollar Space Economy, putting the spotlight on space stocks again.

Maxar's (MAXR) Q2 top line is affected by weakness in Earth Intelligence and Space Infrastructure segments.

Maxar Technologies Inc. (NYSE:MAXR ) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Jonny Bell - Investor Relations Dan Jablonsky - Chief Executive Officer Biggs Porter - Chief Financial Officer Conference Call Participants Peter Arment - Baird Colin Canfield - Barclays Thanos Moschopoulos - BMO Capital Markets Ken Herbert - RBC Capital Markets Robert Spingarn - Melius Research Austin Moeller - Canaccord Genuity Chris Quilty - Quilty Analytics Noah Poponak - Goldman Sachs Michael Ciarmoli - Truist Securities Operator Good day. My name is Dana and I will be your conference operator for today.

Maxar is a leader in satellite imagery and space infrastructure. Business on the mend following near insolvency in 2019.

Maxar Technologies (MAXR) expects to benefit from increasing defense and space infrastructure budgets. Stiff competition and a leveraged balance sheet are major concerns.

Wells Fargo analyst Matthew Akers initiated coverage of Maxar Technologies Inc (NYSE: MAXR) with an Overweight rating and a $39 price target (55% upside).  MAXR is the established leader in satellite earth imaging, with potential upside in space infrastructure if the LEO.

Maxar (MAXR) wins a deal worth $1.5 billion from the U.S. National Reconnaissance Office under the Electro-Optical Commercial Layer program.