Maxar needs to earn back some credibility...And in that regard there are many possible catalysts to the upside.
Slow and steady will win this race. From the Q4 call, management seems to have a plan in place and we can look forward to its execution.
Maxar is trading at a fraction of comparable companies and as that credibility is earned it will justify a higher share price.
Per their Q4, they will reach peak capex on Legion this year. Does that sound like a dying company? Contrary to what the share price indicates, Maxar continues to look to the future.
The safer bet may be to stand on the sideline while milestones are reached. If and when that happens it will likely be at a multiple of the current share price but risk levels would arguably have eased by then.
Many institutions and their analysts are on the sidelines due to risk levels. These were the same analysts that had share price targets for Maxar 15x - 20x current prices. And now they don't want to opine for fear of being "wrong". As if they haven't already been "wrong"...at least from a share price perspective. The irony is palpable.