Maxar sale closes and company goes private
With the purchase today for $6.4 billion of the satellite company Maxar by two private investment firms, its stock was removed from the NY stock exchange and is no longer traded publicly.
The company was acquired for $53 per share by the U.S. private equity firm Advent International and minority investor British Columbia Investment Management Corp. in a deal announced in December. “With the closing of the transaction, Maxar will remain a U.S.-controlled, owned and operated company,” the company said. Maxar’s common stock will also be delisted from the Toronto Stock Exchange.
Maxar started trading on the New York Stock Exchange and the Toronto Stock Exchange in 2017. It officially became a U.S. corporation in 2020 when the company spun off the Canadian subsidiary MDA.
The desire of these private investors to spend so much strongly indicates that Maxar has real value. It also indicates indirectly the strength of the emerging new commercial launch market. These investors clearly believe that this launch market will continue to grow and force the launch price of its satellites to go down.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
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With the purchase today for $6.4 billion of the satellite company Maxar by two private investment firms, its stock was removed from the NY stock exchange and is no longer traded publicly.
The company was acquired for $53 per share by the U.S. private equity firm Advent International and minority investor British Columbia Investment Management Corp. in a deal announced in December. “With the closing of the transaction, Maxar will remain a U.S.-controlled, owned and operated company,” the company said. Maxar’s common stock will also be delisted from the Toronto Stock Exchange.
Maxar started trading on the New York Stock Exchange and the Toronto Stock Exchange in 2017. It officially became a U.S. corporation in 2020 when the company spun off the Canadian subsidiary MDA.
The desire of these private investors to spend so much strongly indicates that Maxar has real value. It also indicates indirectly the strength of the emerging new commercial launch market. These investors clearly believe that this launch market will continue to grow and force the launch price of its satellites to go down.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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