The federal government continues to support Ottawa-based Telecast’s satellite internet project, known as Lightspeed. On March 28, 2024, Telesat received a letter from Minister of Innovation, Science and Industry, François-Philippe Champagne, detailing the federal government’s agreement to loan Telesat $2.14 billion for the Lightspeed low-Earth orbit high speed satellite internet project. The 15-year loan was...
In a significant move to bolster global connectivity, Ottawa-based Telesat has inked a deal with Elon Musk's SpaceX to launch its Lightspeed satellite constellation into Low Earth Orbit (LEO), reports Tesla North. The collaboration includes 14 launches using SpaceX's reliable and reusable Falcon 9 rocket. Each mission will carry up to 18 Telesat Lightspeed satellites,...
Ottawa-based satellite operator Telesat has announced a significant shift in its Lightspeed constellation project, partnering with MDA as its primary supplier. This strategic move will save Telesat a whopping US $2 billion in capital expenditures. The Friday announcement caused its stock price to surge dramatically. Originally estimated at US $5 billion, the Lightspeed project, designed...
Ottawa-based Telesat revealed in its annual report this week that its Lightspeed satellite constellation project has been significantly delayed, potentially jeopardizing its authorization to operate in Canada and the United States. The company has not yet secured the necessary financing for the satellite network, which aims to provide internet connections for commercial customers. Back in...
