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Ontario’s MDA Space Plunges 25% After Losing Deal to SpaceX


Canadian satellite firm MDA Space says its contract with EchoStar Corporation has been cancelled after the U.S. company agreed to sell wireless spectrum to Elon Musk’s SpaceX for $17 billion US, mainly to power the future of Starlink and satellite 5G service. So that new Starlink play from today had implications for a Canadian company.

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