Canadian Government Makes $600M Bet on Telesat’s LEO Satellite Constellation

Telesat Low Earth Orbit (LEO) satellite constellation. Credit: Telesat.

The Canadian government made a calculated bet today that a potential $600 million contribution to Telesat will help it win significant marketshare in the low Earth orbit satellite constellation global competition.

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About Marc Boucher

Marc Boucher
Boucher is an entrepreneur, writer, editor & publisher. He is the founder of SpaceQ Media Inc. and CEO and co-founder of SpaceRef Interactive Inc. Boucher has 20 years working in various roles in the space industry and a total of 28 years as a technology entrepreneur including creating Maple Square, Canada's first internet directory and search engine.