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Feds spending $1.44B on Telesat’s advanced low earth orbit satellites

News | 08/12/2021 4:51 pm EDT
Dan Goldberg, president and CEO of Telesat, speaks at the Canadian Aviation and Space Museum in Ottawa on July 24, 2019./ Photo by Andrew Meade.

The federal government is planning to pour $1.44 billion into Telesat Holdings Inc., it announced Thursday, which intends to connect Canadian communities to broadband internet using an advanced low earth orbit (LEO) satellite constellation called Telesat Lightspeed.

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Funding Satellite

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