Verified facts grounded in source documentation.
Telesat registered a net loss of $121 million in Q3 2025, compared to a net income of $68 million in Q3 2024.
Telesat reported revenue of CA$101 million ($72 million) for the third quarter, a decrease of 27% compared to the same period in 2024.
Telesat reported a revenue of $101 million for the third quarter of 2025, which is a 27% decrease compared to the same period in 2024.
Telesat plans to deploy and integrate its global terrestrial infrastructure with Telesat Lightspeed space assets to deliver services globally in 2027.
Telesat expects to invest up to 1.4 billion Canadian dollars in its Lightspeed low Earth orbit constellation in 2024.
EM Solutions successfully completed the first system-level tests for a transponder developed for Telesat’s LEO 3 demonstration satellite.
Jupiter-3 unseats Telesat’s Telstar-19 Vantage, which had a launch mass of roughly 7,076 kg, as the largest commercial communications satellite ever deployed.
LEO 3 was built by the University of Toronto’s Space Flight Laboratory for Telesat and is the largest spacecraft on the 2023-07-17 launch.
Telesat’s first operational demonstrator, LEO 1, was built by Surrey Satellite Technology Ltd. and launched in January 2018.
Telesat expects to invest between 40 million and 70 million Canadian dollars on Lightspeed in the current year, subject to change if the project’s financing and construction program is finalized.
Telesat has committed to connecting indigenous communities in Canada’s northernmost areas with its planned LEO constellation in return for government funding.
Telesat estimated its LEO constellation could capture 1% of a total addressable market worth 430 billion Canadian dollars, implying revenue of 4.3 billion Canadian dollars.
Intellian’s reference enterprise user terminals are designed to provide Telesat’s most demanding customers with highly reliable, high-throughput access to the Telesat Lightspeed network.
Telesat does not expect to deploy 50% of its currently-authorized satellites prior to the FCC’s 50% deadline of 2023-11-03.
Telesat raised $500,000,000 in debt in April to help fund Lightspeed’s estimated $5,000,000,000 cost.
Telesat is projected to need to generate run rate revenue of $2.5 billion to realize a return on investment aligned with a hurdle rate of 10-12%.
Telesat raised $500,000,000 in debt in April to help fund the Lightspeed project.
Telesat announced plans on 2021-04-13 to raise $500,000,000 in debt to develop its Lightspeed LEO broadband network.
Loral Space & Communications and PSP Investments are Telesat’s largest shareholders following their 2007 leveraged buyout of the company for about $3,000,000,000.
Telesat plans to raise $500,000,000 with a bond to help fund its $5,000,000,000 Lightspeed broadband constellation.