REDDIT
Why is Reddit bullish on MDA Space? This company's business model look mediocre.
Seems like its biggest revenue and profit driver are selling satellites? I mean it would make more sense investing in something like Starlink which can generate recurring and predictable revenue from satellite services rather than a satellite maker. By MDA Space's own estimate, there will be 50k satellites launched between 2025 and 2034. That's like 5k satellites a year on average. Per Google AI, there were 4,522 satellites launched inn 2025. Doesn't seem like any explosive growth is coming. Or do Redditors just not read company filings and blindly invest based on feelings?