Lightspeed Venture Partners is a global venture capital firm that focuses on early-stage and growth-stage investments across various sectors, including enterprise, fintech, consumer, and healthcare. While not exclusively focused on space, Lightspeed has demonstrated interest in the space industry through investments in companies like Vector, a revolutionary launch platform for small satellites. The firm manages approximately $25 billion in assets and has offices in multiple locations including Menlo Park, California, and internationally.
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LEO 3 is designed to transmit and receive in Ka-band, Q-band, and V-band spectrum to support a potential second-generation Lightspeed network.
Pixxel raised $36,000,000 in a Series B funding round that included new investor Google and existing investors Radical Ventures, Lightspeed, Blume Ventures, growX, Sparta, and Athera.
Pixxel raised $36,000,000 in a Series B funding round that included new investor Google and existing investors Radical Ventures, Lightspeed, Blume Ventures, GrowX, Sparta, and Athera.
Telesat expects to start deploying Lightspeed satellites around 2026, six years later than originally planned.
The $3,000,000,000 that Telesat has lined up represented about two-thirds of Lightspeed’s budget before inflation and supply chain issues added at least $250,000,000 in costs last year.
Telesat previously planned to use rockets still under development by Blue Origin and Relativity Space to deploy the Lightspeed constellation.
Thales Alenia Space is contracted to build nearly 200 Lightspeed satellites.
Telesat has lined up about $3,000,000,000 for Lightspeed via internal resources and Canadian government funding.
Telesat expects to start deploying satellites for the Lightspeed constellation around 2026, six years later than originally planned.
Prime manufacturer Thales Alenia Space’s inflation and supply chain issues increased Lightspeed’s costs by at least $250,000,000.
Lightspeed has secured approximately 750 million Canadian dollars in customer commitments (about $555,000,000).
Telesat decided not to order any replacement geostationary satellites in the current year while it works to get Lightspeed into production.
Telesat intends to provide service continuity for some geostationary customers by moving them to the Lightspeed constellation.
Telesat expects to invest between 40 million and 70 million Canadian dollars on Lightspeed in the current year, subject to change if the project’s financing and construction program is finalized.
Anuvu’s February 2022 agreement with Telesat covered capacity on geostationary satellites using terminals designed to be forward‑compatible with Telesat’s proposed Lightspeed LEO constellation.
Telesat’s Lightspeed NGSO constellation is slated to launch commercially in 2026 at the earliest.
Ofcom granted Telesat a license to connect broadband terminals in the U.K. to its planned Lightspeed non-geostationary orbit (NGSO) constellation.
Telesat has lined up more than 4 billion Canadian dollars so far for Lightspeed funding from existing financial resources and commitments from the Canadian government.
Ofcom is continuing to review Telesat’s application for an NGSO Earth station network license for its Lightspeed constellation, which plans to operate both gateways and terminals in the Ka-band.
In its May update, Telesat expected to start providing Lightspeed services in 2026.