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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NextBillion.ai raised $7,000,000 in a Series A funding round co-led by Lightspeed Venture Partners and Falcon Edge Capital when it reached six months in business.
Telesat selected Canadian space technology company MDA to manufacture the phased array antennas for the Lightspeed satellites in Québec.
Telesat will invest $1,600,000,000 into Québec both directly and through its supply chain for the Lightspeed program.
Thales Alenia Space will establish final assembly, integration, and testing of Lightspeed satellites at a manufacturing facility in Québec and is in discussions with Québec-based partners for that facility.
The Lightspeed program is expected to create 600 new highly skilled, high-paying jobs in Québec.
The Lightspeed project preserves 650 jobs and is expected to create an additional 600 jobs with average annual salaries of about $100,000.
The Lightspeed program will create 600 high-paying STEM jobs in Quebec.
Telesat previously focused on providing communications from geostationary satellites prior to pursuing the Lightspeed low-Earth orbit constellation.
Telesat selected Canadian space technology company MDA to manufacture the phased array antennas for the Lightspeed satellites.
MDA’s scope of work on Lightspeed is expected to involve an investment of over C$200,000,000 by MDA and create approximately 280 jobs over five years.
Investissement Québec will provide a loan of C$50,000,000 to support the economic activity related to the Lightspeed project.
The Quebec government will invest 400 million Canadian dollars (US$315,500,000) in Telesat’s Lightspeed low-Earth orbit communications network.
Telesat selected Thales Alenia Space to manufacture 298 Lightspeed satellites to provide Wi‑Fi to ships, aircraft, businesses, and government customers from low Earth orbit.
Telesat will invest C$1,600,000,000 into Québec, both directly and through its supply chain, which will include a significant portion of Lightspeed manufacturing and operations.
The Quebec government will obtain 200 million Canadian dollars in preferred Telesat equity and provide a 200 million Canadian dollar loan to Telesat as part of the Lightspeed agreement.
MDA will deliver more than 1,000 units of its phased array antennas for the Lightspeed program.
Optical laser link interconnections between Lightspeed constellation satellites will provide global mesh coverage including above the oceans and poles with a high level of security for end-to-end services.
Lightspeed will use optical laser links between satellites to create a global mesh coverage of the world.
Telesat’s constellation is named Lightspeed and will start offering services in 2023.
Seventy-eight Lightspeed satellites will deploy to a polar orbit with 13 satellites in six planes at an altitude of 1,15 km.