Canada To Loan Telesat C$2.14b To Build Lightspeed LEO Constellation

Fellow Canadian Space company MDA Space is to manufacture the satellites.

Credit: MDA Space
The Canadian government plans to loan Telesat C$2.14 billion ($1.58 billion) to help finance Lightspeed, the company’s planned low-Earth-orbit (LEO) broadband communications constellation. The financing comes as SpaceX’s Starlink LEO constellation eats Telesat’s lunch. The company expects a C$150...
Garrett Reim

Based in the Seattle area, Garrett covers the space sector and advanced technologies that are shaping the future of aerospace and defense, including space startups, advanced air mobility and artificial intelligence.

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