Main Engine Cut OffRough Few Months at Maxar
Caleb Henry, for SpaceNews, on the past few months at Maxar, including the departure of their CEO, who was replaced by DigitalGlobe’s president:
Investors punished Maxar in October when the company reported a net loss instead of the profitable quarter the company had forecast. Maxar’s stock took a beating again last week after the company announced that WorldView-4, a high-resolution imaging satellite launched in late 2016, had suffered a potentially mission-ending hardware failure.
Maxar’s stock, worth around $52 a share six months ago, was trading at $5.83 a share when markets closed Jan. 11. Shares were up slightly in mid-day trading Jan. 14 following the news of Lance’s departure.
Brutal.