Humans Return to the Moon – Canadian Space Stocks Face a Historic Opportunity
💬 Space investors: The moon race is back! Which Canadian space stock is your top pick for the Artemis era? Let’s discuss the next giant leap for markets!
Half a century after the last Moon landing, humanity is heading back to the Moon.
NASA’s Artemis II crewed lunar orbital mission is entering the final countdown.
This is not only a milestone in space history but also seen by Canada’s investment community as the starting gun for a domestic space economy boom.
As Canada’s first astronaut, Jeremy Hansen, prepares to fly to the Moon, Canada’s AI-powered robotic arm Canadarm3 will be deployed to the Lunar Gateway space station in the coming years.
Capital markets have already reacted: space-related stocks on the Toronto Stock Exchange are trading actively.
Canada is upgrading from a “space parts supplier” to a core player in the lunar economy.
A $1 Billion “Ticket to the Moon”
Canada’s deep involvement in the Artemis Program is far from symbolic.
By providing Canadarm3, Canada has secured not just two astronaut seats but exclusive opportunities including lunar science experiments.
Mike Greenley, CEO of MDA Space, stated plainly:
“This truly opens a new phase for Canada’s economy.”
The company is building the third-generation Canadarm for Artemis under a over $1 billion contract, with launch targeted for 2029.
Earnings show $MDA Space Ltd.(MDA)$posted 45% revenue growth to C$409.8 million in Q3 2025, with adjusted EBITDA up 49% year-over-year.
Despite the termination of the EchoStar contract, the firm retains a **C$4.4 billion backlog** and confirmed full-year guidance.
Beyond the Arm: Canada’s Space Supply Chain Emerges
Another standout name is $Magellan Aerospace Corporation(MALJF)$
Its latest quarterly report shows revenue rose 14.4% year-over-year to C$255.7 million, with net income doubling to C$12.7 million, boosted by surging North American demand.
In addition, Canada added C$528.5 million in funding to the European Space Agency (ESA) in late 2025.
Under the “geographic return” principle, this funding will directly translate into industrial contracts for domestic firms.
A $10 Trillion Space Economy: From Moon to Mars
Morgan Stanley forecasts the global space economy will reach $1.1 trillion by 2040.
Bank of America goes further, projecting $2.7 trillion by 2045.
Growth will be driven not just by government contracts but commercial opportunities: satellite internet, space tourism, and beyond.
Greenley believes the ultimate goal of all current lunar activity is Mars.
“Humans must first learn to live on the Moon — find water, make fuel, build bases.”
After Artemis II, two lunar landings are planned for 2028, with astronauts beginning surface stays.
MDA Space already has 15 years of robotic operations experience on Mars and is designing a new Mars rover for the ESA.
Shifting from space station arms to lunar robots presents challenges, mainly gravity differences — but Greenley noted this is “well within Canada’s capabilities.”
Investment Thesis: Short‑Term Catalysts, Long‑Term Orders
Short‑term catalysts are clear:
A successful Artemis II launch will sharply raise attention across the space sector.
Medium‑to‑long term, watch orders and cash flow:
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MDA’s C$4.4 billion backlog provides multi‑year revenue visibility.
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Magellan benefits from dual aerospace and defense demand, with sensors and space situational awareness poised as new growth drivers.
On the risk side, space projects can face technical delays.
For example, Canadarm3 was originally designed for the Lunar Gateway; following NASA’s mission strategy shift, MDA is adapting the technology directly for lunar surface use.
Greenley called this a “minor hiccup” but confirmed it is “fully achievable.”
Dating back to 1969, when Canada designed the landing legs for Apollo, Canada has played a key role in space history.
Now, as humanity returns to the Moon and heads to Mars, Canadian space stocks are stepping from behind the scenes into the spotlight.
As Greenley put it:
“The lunar program is not just about the Moon. It’s about enabling us to go farther — next stop, Mars.”
For investors, this economic revolution spanning cislunar space may only be just beginning.
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