Pre-launch hype? More like pre-launch revenue signals
MDA Space came out of the GEOINT Symposium with something investors love almost as much as a clean launch window: proof that customers are lining up early.
The company said it has finalized nine early customer contracts for MDA CHORUS™, its next-generation Earth observation constellation. It also racked up 32 letters of interest, which is corporate speak for “a bunch of people are circling the buffet table before the food is even out.”
Why this matters
CHORUS isn’t expected to launch until late 2026, so these commitments are less about near-term revenue today and more about de-risking the story. If you’re holding MDA, this is the kind of update that suggests:
- the market wants the data,
- the product has a commercial lane,
- and the company may have a customer base before the first satellite even does its thing.
The investor takeaway
Earth observation is one of those spaces that can sound futuristic until you realize it’s actually very practical: climate monitoring, defense, infrastructure, agriculture, the whole “we need better eyes on the planet” menu. Early contracts don’t guarantee a blockbuster, but they do make the launch story feel a lot less speculative.
Big picture: MDA is turning CHORUS into more than a science project. It’s starting to look like a business.