TAMPA, Fla. — Increasing costs and delays have forced Telesat to downsize plans for 298 low Earth orbit satellites by a third to keep within its $5 billion budget.
Six companies, including both traditional satellite operators and constellation developers, have won NASA awards to demonstrate services that could ultimately replace the agency’s existing fleet of communications satellites.
Telesat has upgraded a quarter of its planned low Earth orbit constellation as supply chain issues force it to consider ordering fewer satellites for the delayed broadband network.
Canada’s Telesat said April 4 it has gained the security clearances it needs to sell directly to U.S. government customers.
Changes in the geopolitical landscape following Russia’s war in Ukraine are pushing space companies to tighten international supply chains amid a renewed focus on security.
Telesat is considering ordering fewer satellites for its planned low Earth orbit broadband constellation as inflation and supply chain woes drive up the price tag and push out its completion to 2026.
Landing stations that can connect to Telesat’s planned low Earth orbit broadband network will start being built in spring 2023, according to an executive for the Canadian satellite operator.
Established satellite operators expressed their frustration at the wave of filings for enormous satellite constellations, arguing nations need to step forward and establish rules to curtail such systems.
Satellite operator Telesat started trading as a public company Nov. 19 in the U.S. and Canada, boosting talks with export-credit agencies about funding the rest of its $5 billion Lightspeed broadband constellation.
Canadian satellite operator Telesat expects to start publicly trading shares next week, broadening potential funding sources for its delayed $5 billion low Earth orbit Lightspeed broadband network.
Lower broadcast revenues and the pandemic continue to drag on the financials of major satellite operators as they point to the traction they are gaining in their new connectivity growth engines.
Telesat has struck a deal with Ontario’s government to partly fund its Lightspeed constellation, which will dedicate some of its satellite capacity to improving connectivity in the Canadian province.
British telecoms regulator Ofcom is proposing rule changes that would affect Starlink, OneWeb and other satellite constellations operating in non-geostationary orbits (NGSO).
Canada’s decision to hold a public auction of C-band spectrum means it is unlikely to be a major funding source for Telesat’s $5 billion Lightspeed satellite constellation.
Telesat could start a spectrum auction to help fund its $5 billion Lightspeed low Earth orbit constellation “in a couple of months” if Canada’s government approves its proposal, according to CEO Dan Goldberg.
Canadian satellite operator Telesat plans to raise $500 million with a bond to help fund its $5 billion Lightspeed broadband constellation.
Telesat expects to finalize the financing for its Lightspeed broadband constellation in the next few months, along with contracts to launch the fleet of nearly 300 satellites.
The Quebec government will invest 400 million Canadian dollars ($315.5 million) in Telesat’s Lightspeed low-Earth orbit communications network and MDA will produce the constellation’s phased array antennas.