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...
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