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.
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.












