Maxar values Silicon Valley satellite plant real estate at up to $200M, Telesat LEO contract at $3 billion

by Peter B. de Selding

Key takeaways from Maxar response to Spruce Point:

— Company audit, with KPMG, has found no basis in Spruce Point allegations; board renews confidence in company management.

— SSL’s Palo Alto, California, facility’s real estate is valued at $150-$200 million.

— A decision on future of SSL’s GEO satellite business, and Palo Alto, including shutting it down, to be made by end of this year.

— Telesat LEO satellite manufacturing contract to be worth $3 billion to winning team.

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