MDA Space Shares Fall 18% After Trump Hints at NASA Cuts (2)

(Updates with comment from MDA Space.)

MDA Space sank as much as 18% Friday afternoon in Toronto, erasing earlier gains that reached 2.8% after US President Donald Trump’s administration proposed cutting $6 billion from NASA. In 2024, MDA Space was awarded a contract to build Canadarm3 which is used on Gateway, a space station that could be affected by funding cuts.

• MDA Space said its Canadarm3 contract is with the Canadian Space Agency and not with NASA, adding that there hasn’t been any change to MDA Space’s contract as a result of the US budget deliberations
• Trading volume in ...