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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Canada-based Telesat launched a Lightspeed prototype to low Earth orbit in 2018 on an Indian PSLV rocket.
Telesat expects supply issues have added another $250,000,000 to $500,000,000 on top of Lightspeed's original $5,000,000,000 budget.
Maxar lost a bid to build Telesat’s Lightspeed LEO constellation.
Telesat reduced the proposed Lightspeed constellation by one third to 198 satellites to stay within a $5,000,000,000 budget.
One of Telesat’s ITU filings for the Lightspeed project, relating to 72 satellites, requires 10% of the satellites in assigned orbits by 2023-01-01 and 50% by 2026-01-01.
Telesat plans to start deploying LEO satellites for its Lightspeed constellation in 2025.
Telesat has secured about $3,300,000,000 of the Lightspeed constellation’s anticipated $5,000,000,000 cost.
Telesat selected South Korean antenna maker Intellian on 2022-05-08 to design and supply dual-parabolic reference user terminals for the Lightspeed LEO constellation.
Telesat’s Lightspeed constellation will consist of 198 satellites with the first satellite scheduled to launch in the third quarter of 2025.
Telesat plans to start deploying the Lightspeed constellation to low Earth orbit in 2025.
Telesat downsized its original Lightspeed constellation plans by one third earlier in 2022 due to supply chain issues.
Telesat has been using the Phase 1 satellite to help configure its delayed Lightspeed constellation.
Telesat postponed Lightspeed’s service debut by one year to 2026 due to supply chain issues.
Telesat has secured about $3,300,000,000 of the anticipated $5,000,000,000 cost to build the Lightspeed constellation.
Telesat expects the Lightspeed project to continue to cost $5,000,000,000 despite downsizing the constellation.
Pixxel raised $25,000,000 in Series A funding from Radical Ventures, Seraphim Space Capital, Jordan Noone (Relativity Space co-founder), Lightspeed Partners, Blume Ventures, and Sparta LLC.
Telesat’s initial projected Lightspeed program cost was $5,000,000,000 and inflationary pressures are increasing that projected cost.
Telesat delayed Lightspeed’s service debut by one year to 2026 due to production delays.
Telesat has a study contract with the Defense Advanced Research Projects Agency for the Blackjack program that involves two spacecraft slated to launch in October to low Earth orbit at roughly the same altitude as Telesat’s planned Lightspeed network.
Telesat announced separate 2019 contracts with Blue Origin and Relativity Space for an unspecified number of New Glenn and Terran 1 launches for Lightspeed.