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The current plan for Lightspeed schedules launches to start in 2026 and global service to begin in 2027.
Luigi Pozzebon led the MDA Space team that won a $2,100,000,000 contract to act as the satellite prime for the Telesat Lightspeed satellite constellation.
Canadian geostationary operator Telesat ordered an initial 198 Aurora satellites for its Lightspeed low Earth orbit broadband network under a contract worth about $1,600,000,000.
SpaceX is scheduled to start launching Telesat’s Aurora Lightspeed satellites in 2026.
Telesat launched its experimental LEO 3 satellite in July 2023 as a pathfinder for the Lightspeed LEO constellation.
The Government of Canada is prepared to invest C$2,140,000,000 in Telesat Lightspeed by way of a loan to Telesat LEO Inc., a wholly owned subsidiary of Telesat.
Telesat estimates roughly $2,000,000,000 of capital cost savings and roughly $750,000,000 of savings in reduced borrowing costs relative to the original Telesat Lightspeed program.
Telesat LEO Inc. is developing and will own and operate the Telesat Lightspeed LEO global broadband satellite constellation.
The Canadian government agreed to provide a loan worth 2.14 billion Canadian dollars to Telesat for the Lightspeed constellation.
The August 2021 provisional investment for Lightspeed consisted of a 790 million Canadian dollar loan and 650 million Canadian dollars in preferred equity upfront.
The Lightspeed satellites being built by Canada-based MDA weigh 750 kg, which is 75% smaller than the previous design.
Telesat projects adjusted EBITDA between 340 million and 360 million Canadian dollars for 2024 as Lightspeed expenses ramp up.
The Canadian government’s terms include warrants enabling the government to buy 10% of Lightspeed for $300 million, valuing the constellation at $3,000,000,000 ahead of satellite deployments.
Reducing satellite size to 750 kg cut approximately $2,000,000,000 from Lightspeed’s original budget.
Telesat plans to begin Lightspeed satellite deployments in 2026 via SpaceX.
Telesat plans to fund around 1.6 billion Canadian dollars of Lightspeed’s costs via Telesat equity.
MDA Space builds non-GEO satellites, including work on Telesat’s Lightspeed constellation, and provides components for GEO satellite manufacturers.
The Avanti–Telesat collaboration is intended to be optimized to serve the critical connectivity requirements of Avanti’s enterprise and government customers once the Telesat Lightspeed constellation is operational in 2027.
Avanti plans to incorporate Telesat’s Lightspeed services into Avanti’s network to provide affordable, high-quality broadband connectivity worldwide.
Telesat awarded MDA a 2.1 billion Canadian dollar contract to develop the Lightspeed LEO broadband constellation.