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Maxar stock drops after delaying launch of WorldView Legion satellites

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Close up imagery of the dredging operations underway around the Ever Given in the Suez Canal, captured by the company’s WorldView-3 satellite on Saturday, March 27, 2021.

Maxar Technologies

Space company Maxar Technologies shares dropped in trading Thursday after it announced another delay to the launch of its next-generation imagery satellites.

“We have decided to delay the launch from the fourth quarter of 2021 into next year,” Maxar CEO Dan Jablonsky said during the company’s earnings call Wednesday.

Maxar’s stock fell as much as 20% from its previous close of $34 a share before regaining some of the losses to trade down 10% on the day. The stock had climbed in recent months, with Goldman…



Source cnbc.com

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