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Telesat Lightspeed is planned to launch in the second half of 2023.
Telesat selected Thales Alenia Space on 2021-02-09 as the prime contractor to build the Lightspeed low Earth orbit constellation.
Telesat plans to finance Lightspeed with a mix of 60% debt and 40% equity.
Telesat is seeking to start Lightspeed launches in 2022.
Telesat estimates the total cost of the Lightspeed system at $5,000,000,000.
The Thales Alenia Space prime contract for Lightspeed was valued at $3,000,000,000 and includes network management software and integration of the satellites with gateways.
MDA identified supplying antenna systems for Telesat’s Lightspeed low Earth orbit broadband constellation as a flagship program that will generate $800,000,000 in revenue over several years.
Telesat’s Lightspeed constellation has an initial fleet plan of 300 satellites and options to expand to 1,600 satellites, creating a multibillion-dollar future opportunity if expanded.
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.
The companies will conduct integration work and interoperability tests with the Telesat Lightspeed satellite onboard processor.
The advanced capabilities of the Sx3099 modem chip meet enterprise-grade service delivery requirements of the Telesat Lightspeed network.
The technology fit between the Sx3099 modem chip and the Telesat Lightspeed ground segment infrastructure is considered excellent.
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.
Telesat selected Canadian space technology company MDA to manufacture the phased array antennas for the Lightspeed satellites in Québec.
The Lightspeed program is expected to create 600 new highly skilled, high-paying jobs in Québec.
Telesat will invest $1,600,000,000 into Québec both directly and through its supply chain for the Lightspeed program.
The Government of Québec’s $400,000,000 investment into Telesat Lightspeed will consist of $200,000,000 in preferred equity and a $200,000,000 loan.
Telesat completed a C$600,000,000 partnership with the Government of Canada to support Telesat Lightspeed and bridge Canada’s digital divide.
The Lightspeed project preserves 650 jobs and is expected to create an additional 600 jobs with average annual salaries of about $100,000.
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.