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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.
Network Innovations acquired Able Communications, a Houston-based satellite communications provider primarily serving oil and gas customers, from Telesat in 2017.
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 Lightspeed is a LEO satellite constellation intended to provide an advanced global network delivering enterprise-class connectivity worldwide.
NAVSYS test results have demonstrated the system’s capability to use satellites operated by Intelsat, Viasat, Eutelsat, SES, and Telesat to deliver backup PNT capability to GPS.
Telesat’s proposed Lightspeed LEO constellation is a 198-satellite fleet now under construction.
Telesat has C$1,760,000,000 available to fund the Lightspeed build, including C$1,250,000,000 in cash plus investments.
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.
SpaceX is scheduled to start launching Telesat’s Aurora Lightspeed satellites in 2026.
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.
The demonstration used a network architecture that allowed soldiers to connect Telesat’s LEO 3 satellite through Cobham antennas.
Telesat’s LEO 3 was launched aboard Rocket Lab’s Electron rocket.
Telesat launched its experimental LEO 3 satellite in July 2023 as a pathfinder for the Lightspeed LEO constellation.
Telesat LEO Inc. will provide the Government of Canada with warrants for 10% of the common shares of Telesat LEO based upon an equity valuation for Telesat LEO of US$3,000,000,000.
Telesat LEO Inc. is developing and will own and operate the Telesat Lightspeed LEO global broadband satellite 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 plans to begin Lightspeed satellite deployments in 2026 via SpaceX.
The Canadian government agreed to provide a loan worth 2.14 billion Canadian dollars to Telesat for the Lightspeed constellation.