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Overview
Telesat operates a global satellite communications network, providing satellite capacity and consulting to governments, telecom operators, and enterprises. It uses both geostationary (GEO) and low Earth orbit (LEO) satellites, including the Lightspeed LEO constellation, to deliver wide-area connectivity. Services include inflight and maritime connectivity, as well as connectivity for oil and gas and corporate networks. Revenue comes from long-term contracts and service agreements. Its Lightspeed network aims to offer high-speed, low-latency links, enhancing overall performance. The company differentiates itself by combining GEO and LEO assets and by offering end-to-end connectivity solutions through a mix of satellite capacity and advisory services, targeting a diverse set of industries worldwide. The goal is to provide reliable, global communications with predictable service through long-term customer relationships.
About Telesat
Industries
Consulting
Government & Public Sector
Aerospace
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Ottawa, Canada
Founded
1969
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Simplify's Take
What believers are saying
- August 4, 2026 contract adds C$2.7 billion and 69 funded satellites.
- Lightspeed service remains on track for Q1 2028, preserving customer confidence.
- Farcast’s 2027 terminal production strengthens Telesat’s enterprise and defense sales pitch.
What critics are saying
- January 2026 creditor lawsuits attack Lightspeed transfers and threaten refinancing leverage.
- December 2026 Telesat Canada debt maturity pressures liquidity before Lightspeed revenue starts.
- Starlink, OneWeb, and Kuiper can outscale Lightspeed; launch slips kill the thesis.
What makes Telesat unique
- Telesat pairs cash-generating GEO contracts with Lightspeed’s regulated LEO security focus.
- August 4, 2026 Arctic deal locks 15-year Canadian Armed Forces demand.
- Its Mil-Ka Arctic niche targets defense customers, not consumer broadband price wars.
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Funding
Total Funding
$1.4B
Above
Industry Average
Funded Over
2 Rounds
Benefits
Remote Work Options
Hybrid Work Options
Stock Price
Growth & Insights and Company News
6 month growth
↑ 15%1 year growth
↑ 15%2 year growth
↑ 15%Telesat's subsidiary has secured a C$2.3 billion, 15-year Arctic connectivity contract under Canada's Enhanced Satellite Communications Project. The agreement will fund 69 Lightspeed satellites. The announcement follows strong stock performance, with shares gaining 44.44% over seven days and 85.46% year-to-date. The stock now trades at $54.08. Telesat currently operates at a loss of $185.31 million on revenue of $388.27 million. The company's price-to-sales ratio stands at 3x, above peer and US telecom industry averages of 1.9x and 1.4x respectively. However, Simply Wall St's regression model suggests a fair P/S ratio of 6.9x, indicating potential upside if forecast revenue growth materialises. The contract prompted a special investor call.
Universal ConnectivityDefenceFirst RespondersTelesat Government Solutions
Telesat has invested $5 million in Farcast to develop integrated User Terminals for the Telesat Lightspeed satellite network. Farcast will deliver a Flat Panel Antenna User Terminal integrated with the Telesat Lightspeed modem, with production planned for 2027. Telesat will also join Farcast's board. Farcast's technology offers reduced Size, Weight, Power, and Cost, enhancing Telesat's value proposition. Farcast is raising a $10 million Series Extension to support commercial manufacturing.
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.
The federal government has agreed to loan billions of dollars to satellite operator Telesat to support its work in developing the Lightspeed LEO network.
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About Telesat
Industries
Consulting
Government & Public Sector
Aerospace
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Ottawa, Canada
Founded
1969
Telesat is Hiring for 48 Jobs on Simplify!
Find jobs on Simplify and start your career today