Czech defence and industrial group CSG said on 13 October 2026 that it had acquired a 9.5% equity position in MDA Space, becoming the Canadian space company's largest shareholder. The stake was valued at about C$618.5m (US$434m).
Why CSG (Czechoslovak Group) is buying MDA Space Ltd. – 9.5% stake
CSG said the investment marks its entry into the space sector, which it plans to build gradually through capital allocation, partnerships and selective strategic investments. It will explore cooperation with MDA Space, including co-investing in manufacturing or assembly facilities in Europe, partnering on acquisitions and introducing MDA Space to CSG's customers. Chairman Michal Strnad said CSG wants to be a long-term strategic shareholder.
Deal terms and financing
The shares were acquired by a dedicated CSG subsidiary. CSG did not disclose the price paid; press reports put the value of the stake at about C$618.5m.
Market context
MDA Space, with a 55-year history in robotics, satellite systems and geointelligence, has more than 4,000 staff and has supported over 450 missions. CSG has formed a dedicated space team and previously made smaller venture investments in SatVu and Atmos Space Cargo through its Tech Horizons fund.
