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Telesat estimates about $800,000,000 is required to fund the incremental 42 Lightspeed satellites, associated launch vehicles, and additional ground infrastructure to reach 198 satellites.
The contract between MDA and Telesat for Telesat Lightspeed is valued at approximately $2,100,000,000.
The Telesat Lightspeed contract includes the design, manufacture, assembly, and test of 198 satellites with options for Telesat to purchase up to 100 additional satellites.
Telesat intends to use its C-band incentive proceeds to help fund its proposed Lightspeed low Earth orbit constellation.
Telesat’s own equity contribution to the Telesat Lightspeed program is approximately $1,600,000,000.
The Telesat Lightspeed program’s capital investment is approximately $3,500,000,000 and includes 198 satellites, satellite launch vehicles, a global ground network of landing stations and operations centers, business and operations support systems, and development of a portfolio of user terminals.
MDA Ltd. will build 198 advanced satellites for the Telesat Lightspeed Low Earth Orbit program.
Telesat will continue adding satellites funded using Telesat Lightspeed cash flow to complete the initial 198-satellite constellation.
The MDA contract for Lightspeed includes options for an additional 100 satellites to expand the constellation to 298 satellites.
Rocket Lab launched the latest Lightspeed prototype on 2023-07-17.
The revised Lightspeed constellation is designed to deliver around 10 terabits per second of capacity.
MDA is building 198 satellites for Telesat’s Lightspeed constellation under a contract worth 2.1 billion Canadian dollars.
Launches for the MDA-built Lightspeed satellites are slated to start in the middle of 2026.
The first Lightspeed prototype, LEO 1, launched in 2018 and ran out of fuel amid constellation delays.
The 750-kilogram Lightspeed satellites are 75% smaller than earlier versions planned by Thales Alenia Space.
Telesat has contracted all the launch vehicles required to complete the 198-satellite Lightspeed constellation.
LEO 3 is designed to transmit and receive in Ka-band, Q-band, and V-band spectrum to support a potential second-generation Lightspeed network.
Telesat expects to start deploying full-size Lightspeed satellites around 2026, six years later than originally planned.
LEO 3 will allow Telesat to continue tests for its future Lightspeed constellation that had been performed with another prototype nearing the end of its life.
LEO 3 will support low-latency customer applications testing and will support LEO antenna and modem development efforts ahead of the Telesat Lightspeed network deployment.