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Telesat

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technology2 years ago•1 min saved

Telesat Partners with SpaceX for Lightspeed Satellite Launches

Telesat, a satellite operator, has signed a deal with SpaceX for 14 launches of its Lightspeed internet satellites, utilizing SpaceX's Falcon 9 rocket starting in 2026. Telesat CEO Dan Goldberg praised the affordability and reliability of Falcon 9. This agreement comes as SpaceX continues to launch satellites for companies that compete with its own Starlink network, such as OneWeb and Viasat. Telesat's purchase of SpaceX launches provides a dependable option for reaching orbit, as delays in Blue Origin's New Glenn rocket have hindered their previous agreement. Telesat's Lightspeed is focused on enterprise customers, not direct-to-consumer markets.

via CNBC|

#falcon-9-rocket #lightspeed-internet #satellite-launches

business2 years ago•1 min saved

Telesat's Supplier Swap Saves $2 Billion, Stock Surges 50%

Telesat, a Canadian telecommunications satellite operator, experienced a surge in stock prices after announcing a supplier swap for its Lightspeed global internet network. Canadian space company MDA will now build the Lightspeed satellites, resulting in approximately $2 billion in cost savings. Telesat plans to launch the first satellites in mid-2026, with global service commencing once 156 satellites are in orbit. The company's focus remains on enterprise customers, distinguishing itself from competitors like SpaceX's Starlink and Amazon's Kuiper. Telesat also reported second-quarter results, including a decrease in revenue but a significant increase in net income due to a payment from the FCC for clearing spectrum for 5G use in the U.S.

via CNBC|

#business #cost-savings #mda