MDA Space Stock Plunges Over 50% on SpaceX Shock, But Q3 2025 Earnings and Wireless Power Deal Rekindle Bull Hopes
MDA Space shares have dropped over 55% from their 52-week high after EchoStar canceled a $1.3 billion satellite contract and sold spectrum to SpaceX. The company reported strong Q3 2025 results and reaffirmed guidance on November 14, but market focus remains on lost backlog and customer shifts toward SpaceX.