Telesat

Telesat

Global satellite operator providing connectivity solutions

About Telesat

Simplify's Rating
Why Telesat is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Automotive & Transportation

Consulting

Aerospace

Company Size

501-1,000

Company Stage

IPO

Total Funding

$30.7M

Headquarters

Ottawa, Canada

Founded

1969

Overview

Telesat operates in the global satellite communications market, providing connectivity solutions to a wide range of clients, including government agencies and telecommunications providers. The company utilizes both geostationary (GEO) and low Earth orbit (LEO) satellites to ensure reliable global communications. Telesat's products include satellite capacity and consulting services, which are offered through long-term contracts and service agreements. A key feature of Telesat's offerings is the Lightspeed network, which uses advanced LEO satellites to deliver high-speed, low-latency connectivity. This focus on diverse sectors such as inflight connectivity, maritime, oil and gas, and corporate networks sets Telesat apart from its competitors, as it addresses complex communications challenges across various industries.

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Simplify's Take

What believers are saying

  • Growing demand for satellite internet boosts Telesat's Lightspeed project prospects.
  • Hybrid satellite-terrestrial networks offer Telesat integration opportunities for enhanced connectivity.
  • 5G integration with satellite networks creates new business opportunities for Telesat.

What critics are saying

  • Competition from SpaceX's Starlink could impact Telesat's market share.
  • Delays in Lightspeed's launch could lead to financial penalties or contract losses.
  • Reliance on government funding exposes Telesat to political and economic risks.

What makes Telesat unique

  • Telesat leverages both GEO and LEO satellites for comprehensive global communications.
  • The Lightspeed network offers high-speed, low-latency connectivity solutions.
  • Telesat serves diverse sectors, including maritime, aviation, and oil and gas.

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Funding

Total Funding

$30.7M

Above

Industry Average

Funded Over

2 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Remote Work Options

Hybrid Work Options

Company News

Stock Titan
Sep 13th, 2024
Telesat Completes $2.54 Billion Funding Agreements for Telesat Lightspeed Satellite Constellation with Strong Government Backing | TSAT Stock News

Telesat secures $2.54B funding for Lightspeed satellite project, aiming to bridge global digital divide. Learn how this Canadian-backed initiative plans to expand internet access and create jobs, with launches set for 2026.

MobileSyrup
Apr 1st, 2024
Telesat secures $2.14 billion loan from federal government for Lightspeed LEO constellation

The federal government has agreed to loan billions of dollars to satellite operator Telesat to support its work in developing the Lightspeed LEO network.

CNBC
Nov 19th, 2021
Lightspeed receives financing of $3B in financing

Telesat has lined up more than $3 billion in financing for Lightspeed so far, including a $1.1 billion investment from the Canadian government.

MobileSyrup
Aug 12th, 2021
Canadian federal government invests $1.44 billion in Starlink competitor Telesat

Telesat has secured almost all of the funding it needs to start launching its satellite network in 2024.

IT World Canada
Feb 22nd, 2021
Telesat to receive $400 million investment from Quebec

The new funding is in addition to the CA$600 million from the federal government announced last year.

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