Telesat looks to raise US$500 million amid flurry of Lightspeed LEO activity

Lightspeed LEO satellite illustration. Credit: Telesat.

Telesat announced yesterday a proposed secured note offering that would see the company raise up to US$500 million. It was the latest news in a recent flurry related to their Lightspeed LEO satellite network.

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About 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.