The Brampton, Ont., space company wants the money to fund growth and pay off debt, it said in announcing the initial public offering on the New York Stock Exchange. MDA Space shares will continue to be traded on the Toronto Stock Exchange as well. On the TSX, its share price rose about 2.2 per cent, after increasing about 60 per cent over the past year. (The Logic)

Talking point: MDA was carrying $272 million in long-term debt and had $152 million in cash at the end of 2025, according to its most recent financial statements. It’s profitable but sees new government spending on space and defence capabilities as offering big opportunities, including potential involvement in a U.S. missile-defence program. MDA’s storied history includes building Canadarms for U.S. space shuttles and a period as an American company before a consortium of investors repatriated its Canadian and British operations in a deal at the end of 2019.