Canadian listed satellite supplier MDA Space (MDA.US) is seeking a US stock IPO and plans to raise 300 million US dollars.

Canadian-based satellite system, space Siasun Robot&Automation, and geospatial intelligence provider MDA Space submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) on Tuesday, aiming to raise up to $300 million. The company is currently listed on the Toronto Stock Exchange. MDA Space develops and provides technology and services for space missions, including satellite systems, Siasun Robot&Automation technology, and geospatial intelligence solutions. Their business is primarily divided into three segments: satellite systems, responsible for designing and manufacturing communication satellites and related subsystems; Siasun Robot&Automation and space operations, developing Siasun Robot&Automation systems and operational technology for space exploration and in-orbit services; and geospatial intelligence, providing Earth observation data, satellite ground infrastructure, and analysis services. MDA Space collaborates with government space agencies, defense organizations, and commercial aerospace companies to support satellite communications, scientific missions, and Earth observation applications. Established in 1969, MDA Space plans to list on the New York Stock Exchange under the ticker symbol MDA. J.P. Morgan, RBC Capital Markets, BMO Capital Markets, Deutsche Bank, Jefferies, Scotia Capital, and Canaccord Genuity are serving as joint bookrunners for this transaction. Pricing terms have not been disclosed yet, but the company has started the roadshow and is expected to price the offering during the week of March 9, 2026.