Czech arms firm CSG takes largest share in Canada's MDA Space
Czech defense company CSG bought a 9.5% stake in Canadian satellite firm MDA Space, becoming its biggest shareholder.
The acquisition marks CSG's first entry into the space industry. The firm said the investment could open doors to joint projects, including co-investments in European manufacturing sites and possible future purchases. CSG also highlighted its outlook that the worldwide space market may grow to roughly $1.8 trillion by 2035.
Why it matters
The deal signals a defence firm expanding into the fast-growing space market, potentially reshaping industry partnerships.
In this story
Czech arms makerCSGMDA Space9.5% stakesatellite technologyspace sectorglobal space economy$1.8 trillion
