Telesat Targets Q2 2028 for Lightspeed Global Service Launch and Outlines 2026 Capital Expenditure
Telesat (TSAT) has provided a strategic roadmap for its Lightspeed low-Earth orbit (LEO) satellite constellation, targeting the end of Q2 2028 for the commencement of global services. The company is entering a significant capital intensive phase to build out this infrastructure. Management guided for capital spending between $1.1 billion and $1.3 billion in 2026 specifically for the Lightspeed project. Leadership expressed confidence in their progress during the first nine months of the year, emphasizing that current strategic objectives are positioning the company for long-term growth and value creation.
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