Budget 2026 outlined a $2.7B Defence Industrial Strategy commitment, which sent Canadian space names higher…

… given establishing a sovereign medium-lift space launch capability is one of the core aims of that spend. Medium-lift launch vehicles are required to deploy satellite constellations, like Telesat’s recently expanded Lightspeed network…

… which benefits both it and MDA Space (MDA), who’s contracted to manufacture the satellites for Telesat and many others like the Canadian Space Agency.

5N Plus (VNP) is a second order beneficiary, as the company’s space solar cell offering (specialty semiconductors) should track constellation deployment.

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