PARIS — Maxar Technologies felt the effects of a triple whammy on Jan. 7 when its stock sank by 31.5% after news that its DigitalGlobe division had lost the use of one of its prime satellites after an on-board component failure.
Shares were down sharply in early pre-market trading Jan. 8 on the New York Stock Exchange.
The satellite, WorldView-4, cost its former owner GeoEye, more than $800 million before DigitalGlobe acquired GeoEye in 2013. WorldView-4 was placed into storage and then slightly reworked and . . .
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