Following the blockbuster initial public offering (IPO) of Elon Musk’s SpaceX (NASDAQ: $SPCX), the commercial space sector is red hot.
And a great way to play the current space craze might be with Canadian small-cap stock MDA Space (NYSE: $MDA).
Based outside of Toronto, MDA Space provides robotics, space operations, and satellite systems to the aviation and commercial space sectors.
Its stock has been on fire this year as investors seek out opportunities in the commercial space sector. So far in 2026, MDA stock has risen an impressive 80%.
Over the last five years, MDA Space’s share price has nearly tripled, rising 190% to currently trade at $35.99 U.S.
The bull run in the company’s stock is also being fueled by management’s aggressive expansion, particularly in the U.S. market, where they see big growth opportunities.
MDA Space just announced that it is spending $920 million U.S. to acquire a 70% interest in Collecte Localisation, a satellite manufacturer based in France.
In June of this year, MDA Space agreed to acquire U.S. company Blue Canyon Technologies for $620 million U.S., furthering its push into America.
Management at MDA Space have said that the acquisitions will help it provide government and commercial customers with Earth imaging and space observation data.
Despite the rapid growth and stock appreciation, MDA Space currently has a market capitalization of about $5 billion U.S., making it a small-cap stock.
However, analysts see more growth ahead for MDA Space and its share price, with 11 of 12 Wall Street analysts rating the stock a buy.
Investors wanting to cash in on the current space race might want to look north to Canada and MDA Space.
