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SpaceX is scheduled to start launching Telesat Lightspeed satellites in mid-2026 for commercial services the following year.
Anuvu plans to provide capacity from low Earth orbit using satellites that SpaceX is slated to start deploying in mid-2026 for Canadian GEO operator Telesat’s Lightspeed constellation.
Construction has started at some Lightspeed gateway sites ahead of plans to start deploying 198 Lightspeed satellites in mid-2026.
Telesat secured government funds in September covering more than half of the $3,500,000,000 Lightspeed cost and plans to use its own equity to finance much of the remaining amount.
MDA is equipping Lightspeed satellites with optical inter-satellite links to reduce dependence on ground-based systems.
Telesat ordered 127 gateway antennas from South Korea’s Intellian for its Lightspeed low Earth orbit broadband network on 2024-10-23.
Telesat expects to spend as much as 1.4 billion Canadian dollars on the Lightspeed project in the current year.
Quebec Premier François Legault supports the Lightspeed funding and highlights that the project consolidates 650 existing jobs and creates nearly 1,000 paying jobs in a cutting-edge sector.
Telesat’s Lightspeed LEO constellation will be built by MDA in Canada.
The federal government is providing 2.14 billion Canadian dollars for Lightspeed and is receiving warrants for 10% of the constellation in a deal that values Lightspeed at $3,000,000,000.
The government of Quebec is providing a 400 million Canadian dollar loan for Lightspeed and is receiving warrants for 1.87% of the constellation.
The governments of Canada and Quebec are providing a combined 2.54 billion Canadian dollars of funding for Lightspeed, comprising a mixture of loans and warrants.
An initial order of 198 Telesat Lightspeed satellites powered by MDA AURORA technology will be produced at MDA’s new Sainte-Anne-de-Bellevue facility.
The combined 2.54 billion Canadian dollars of funding for Lightspeed is equivalent to $1,900,000,000.
Telesat has secured government funds covering more than half of the $3,500,000,000 cost of its proposed low Earth orbit Lightspeed broadband constellation.
Telesat expects to invest up to 1.4 billion Canadian dollars in its Lightspeed low Earth orbit constellation in 2024.
Telesat plans to cover around 46% of Lightspeed’s 3.5 billion US dollar cost via company equity and debt from an unnamed vendor.
Telesat invested nearly a quarter of 1.4 billion Canadian dollars in the first half of 2024 toward Lightspeed prior to the remainder of the planned 2024 investment.
Telesat has C$1,760,000,000 available to fund the Lightspeed build, including C$1,250,000,000 in cash plus investments.
Telesat’s proposed Lightspeed LEO constellation is a 198-satellite fleet now under construction.