SpaceX, Trudeau Will Help Lift Satellite Maker Maxar Out of Its Slide, CEO Says
- Company expects revenue decline to bottom out by 2019
- Looking for acquisitions in U.S., Canada, U.K., and Australia
Outer Space Is About to Get a Whole Lot Closer
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It’s been a rough start to the year for satellite maker Maxar Technologies Ltd. after it forecast a revenue slump and its chief financial officer resigned, but the head of the company sees a growing tailwind from another firm -- SpaceX.
Chief Executive Officer Howard Lance says one of the biggest growth drivers for the Westminster, Colorado-based company will be contracts with the U.S. government, thanks in large part to Elon Musk’s Space Exploration Technologies Corp. SpaceX rockets already provide about half of Maxar’s satellite launches including one Tuesday aboard a Falcon 9 from Cape Canaveral in Florida.