$TSAT

Snap launched AR glasses, partnering with Verizon, Orange, and BT for 5G/Wi-Fi connectivity. The Specs Charging Case with Cellular costs $2,395. Orange supports Telesat's LEO satellite constellation with a gateway in France. FCC plans three spectrum auctions, potentially raising $100bn. Japanese telcos study mmWave infrastructure sharing. Orange's FinOps head discusses cloud spending management. Altera, an Intel spinout, files for a $2bn IPO.

Canada's Investment Summit showcases 160 projects worth $620B in capex, aiming to attract $1T in investment. Notable projects include Telesat's $5.2B satellite network, Octopus Energy's $4.5B renewable energy park, and NexGen Energy's $1.6B uranium project. The summit is attended by 120 funds with $120T in assets.

Telesat and Farcast completed a technology demonstration of Farcast's electronically steered antenna (ESA) technology. The test, using Telesat's LEO 3 satellite, validated the antenna's performance, reducing size, weight, power, and cost. This milestone advances their collaboration for Telesat Lightspeed's user terminal development.

Telesat plans to expand its Lightspeed LEO constellation to 225 satellites, restoring 25% of commercial capacity diverted to defense. This follows a C$2.3B contract with the Canadian Armed Forces. The company aims for global coverage by Q1 2028, partnering with SpaceX for launches and Viasat for inflight connectivity.

The TSX30 list for 2026 includes Celestica, MDA Space, Firan Technology Group, Telesat, Hut 8, and 5N Plus. Celestica topped the list with a 2,590% share price increase over three years, boosting its market cap from $1.9B to $60B CAD. The list highlights top-performing Canadian companies by three-year, dividend-adjusted share performance.

Telesat (TSAT) was named to the TSX30, recognizing its top performance on the Toronto Stock Exchange over a three-year period. Its share price grew 475%, adding $2.97 billion in market capitalization. The company is preparing for the launch of Telesat Lightspeed, its advanced LEO satellite network, expected in Q1 2028.

Telesat signed a $2.3B CAD deal with Canada's Defence Investment Agency for Arctic connectivity, expanding its Lightspeed constellation to 225 satellites. The 15-year contract, valued at $2.7B, includes secure Military Ka-band coverage for the Canadian Armed Forces, starting in 2028.

Telesat Government Solutions (TSAT) and Cailabs US have signed a strategic agreement to explore integrating Telesat's Lightspeed LEO network with Cailabs' optical ground systems for secure, high-capacity space-to-ground communications. The collaboration aims to provide resilient connectivity for U.S. government and allied missions, leveraging Telesat's 900 optical inter-satellite link terminals and Cailabs' ground stations.

Telesat (TSAT) reported Q2 2026 revenue of $79M, down 25% YoY, and a net loss of $559M. Adjusted EBITDA fell 62% to $22M. The company secured a $2.7B 15-year contract with the Canadian government and has a $5.6B Lightspeed backlog. It plans to expand its constellation to 225 satellites and expects global service availability by Q1 2028. GEO segment revenue declined 26% to $78M, and the company obtained $120M in new financing.

Simply Wall St reports MDA Space (TSX:MDA) secured an expanded role in Canada’s defence and communications programs, including a CAD 474 million increase to its Telesat Lightspeed satellite contract and prime contractor duties for the Enhanced Satellite Communications Project – Polar. The company also reported higher quarterly sales and opened its CHORUS mission control centre in Québec, expanding backlog and long-cycle government revenue.