{"id":782988,"date":"2023-09-11T07:57:10","date_gmt":"2023-09-11T11:57:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\/"},"modified":"2023-09-11T07:57:10","modified_gmt":"2023-09-11T11:57:10","slug":"telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\/","title":{"rendered":"Telesat and SpaceX Announce 14-Launch Agreement for Advanced Telesat Lightspeed LEO Satellites"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">OTTAWA and HAWTHORNE, Calif., Sept.  11, 2023  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Kh1v8vLBa-DNID8fz3lG7KmUHMVGjMnNznvYfqUGE4TnmWKwSy_0liUfDxlLBw8b8ZpEX8HFXNd5jpaAchaM8Q==\" rel=\"nofollow noopener\" target=\"_blank\">Telesat<\/a> (NASDAQ and TSX: TSAT), one of the world\u2019s largest and most innovative satellite operators, and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=L-huy1r57e9Q8ToEAnggpekLjRtjhuV8LuDbPTOiG7jP7e0WsNp8NHKkf0U26zGzI0zSzhjG659Q5KNAMhYvXw==\" rel=\"nofollow noopener\" target=\"_blank\">SpaceX<\/a>, which designs, manufactures and launches the world\u2019s most advanced rockets and spacecraft, today announced a multi-launch agreement to deliver the Telesat Lightspeed constellation to Low Earth Orbit (LEO).<\/p>\n<p align=\"justify\">Telesat has contracted 14 launches on SpaceX\u2019s Falcon 9, the most reliable and only reusable orbital rocket flying today, which will carry up to 18 Telesat Lightspeed satellites to LEO per launch. The launch campaign is scheduled to commence in 2026 and will take advantage of SpaceX\u2019s high launch cadence to rapidly deploy the satellites and enable Telesat to begin providing global service in 2027. Launches for the campaign will lift off from SpaceX\u2019s launch facilities in California and Florida.<\/p>\n<p align=\"justify\">Designed from inception to serve the demanding, mission-critical connectivity requirements of enterprise and government users, the optically-linked Telesat Lightspeed network will provide multi-Gbps data links and highly secure, resilient, low-latency broadband connectivity anywhere in the world. With the August signing of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NL7XnJrfOTF1PYGmF0iXmQxXDhZeyob29-NkuB8pLbQ37IJXKAcehPjezLP_ceUIi1jxSE5aX8WPucPUpr0DKJgtyoz1ZchYvbSD2-l5WakAYO9bPs80SEfIzLrMxILzGqDcYnB4M6coDxMRcREuE5gYix2pTvGOy-AnbS23MuUhPhJxb14WnddAJGPz_nx-bObusiO0AH3UIPJObEhSQFtfdHKKi5MCfpcVC4onrkLYWR9BhfIPUxIGaA324Rtq\" rel=\"nofollow noopener\" target=\"_blank\">MDA<\/a> as the prime satellite manufacturer and all necessary launch contracts in place for global constellation deployment, Telesat is well-positioned to begin delivering unmatched, enterprise-class connectivity in late 2027.<\/p>\n<p align=\"justify\">\u201cSpaceX has been a trusted and effective launch provider to Telesat on our geostationary satellite programs and I am delighted that they will be supporting us with their highly reliable Falcon 9 rocket to deploy the Telesat Lightspeed constellation, the most ambitious program in Telesat\u2019s 54-year history,\u201d stated Dan Goldberg, Telesat\u2019s President and CEO. \u201cGiven the dedication and professionalism of the SpaceX team, and their outstanding track record of reliability and demonstrated high launch cadence, I have the utmost confidence that they will be an outstanding partner in helping us bring Telesat Lightspeed into service in a timely and low risk manner.\u201d<\/p>\n<p align=\"justify\">\u201cWith growing demand for high-speed internet around the world, SpaceX is proud to launch and deploy Telesat\u2019s Lightspeed constellation\u201d said SpaceX President and Chief Operating Officer Gwynne Shotwell. \u201cBuilding upon our successful launch partnership to-date, we look forward to flying Telesat once again as they expand connectivity capabilities for their customers across the globe.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Telesat<\/strong>\n      <\/p>\n<p align=\"justify\">Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (NASDAQ and TSX: TSAT) is one of the largest and most innovative global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world\u2019s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth.<\/p>\n<p align=\"justify\">Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company\u2019s Low Earth Orbit (LEO) satellite network, will be the first and only LEO network optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity links with fibre-like speeds. For updates on Telesat, follow us @Telesat on X, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=f-VjTws7yyoFNht4VAAd__1bwCK-OUhUgtYSkngo2jKdCghrEpRRvgm1EdKZHU7XYepyzQIXcuqojZaOLPJ_gFrgMdlSTt3UdSvndowooZU=\" rel=\"nofollow noopener\" target=\"_blank\">LinkedIn<\/a>, or visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vuK-ZwiUiOprqsJMT16aniNNpAcOYsw1IfNNNuyFl1rgx1ZMT13ENlrAKMIZUdCp0LRvNKu0R4cZbKcVXTdjaQ==\" rel=\"nofollow noopener\" target=\"_blank\">www.telesat.com<\/a>.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/p>\n<p align=\"justify\">\n        <strong>Media Contact:<\/strong>\n      <\/p>\n<p align=\"justify\">Lynette Simmons<br \/>Telesat<br \/>+1 613 748 8729<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pyEwCHkExu5F6sCiyR9WA_HI0GwPYO38r6S7LzxdnlHnFUgnQlIrDA7MtqbMKz_0oTNmPWtjr7IXpO1sfxzmJA==\" rel=\"nofollow noopener\" target=\"_blank\">pr@telesat.com<\/a><\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements Safe Harbor<\/strong>\n      <\/p>\n<p align=\"justify\">This news release contains statements that are not based on historical fact and are \u201cforward-looking statements\u2019\u2019 within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws. When used herein, statements which are not historical in nature, or which contain the words \u201cwill,\u201d \u201cexpect,\u201d \u201cwell-positioned,\u201d \u201cscheduled to\u201d or similar expressions, are forward-looking statements. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. All statements made in this press release are made only as of the date set forth at the beginning of this release. Telesat Corporation undertakes no obligation to update the information made in this release in the event facts or circumstances subsequently change after the date of this press release.<\/p>\n<p align=\"justify\">These forward-looking statements are based on Telesat Corporation\u2019s current expectations and are subject to a number of risks, uncertainties and assumptions. <br \/>These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond Telesat Corporation\u2019s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. There are numerous risks and uncertainties associated with Telesat\u2019s business and the Telesat Lightspeed constellation. Known risks and uncertainties include but are not limited to: inflation and rising interest rates; Telesat\u2019s ability to enter into definitive funding agreements with the company\u2019s Canadian federal and provincial government partners, and to meet the funding conditions of those agreements and of its vendor financing; technological hurdles, including our and our contractors\u2019 development and deployment of the new technologies required to complete the constellation in time to meet our schedule, or at all; the availability of services and components from our and our contractors\u2019 supply chains; competition; risks associated with domestic and foreign government regulation, including access to sufficient orbital spectrum to be able to deliver services effectively and access to sufficient geographic markets in which to sell those services; Telesat\u2019s ability to develop significant commercial and operational capabilities; risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; and volatility in exchange rates. The foregoing list of important factors is not exhaustive. Investors should review the other risk factors discussed in Telesat Corporation\u2019s annual report on Form 20-F for the year ended December 31, 2022, that was filed on March 29, 2023, with the United States Securities and Exchange Commission (\u201cSEC\u201d) and the Canadian securities regulatory authorities at the System for Electronic Document Analysis and Retrieval (\u201cSEDAR\u201d), and may be accessed on the SEC\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ay3bYYzTAmo3BbmbCsX45-2Rx2gF4IVCBQqAzERvqZNi-tPHjOaOvAhKdgm1Bb-MVjIVgQKo_gvblgaVErjlKnnDtgwJmboECv2c92RCz-k=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.sec.gov\/<\/a> and SEDAR\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ay3bYYzTAmo3BbmbCsX458K5aqQ9K1stlyIGfcegSqkUY5HcsW6s_ImWlfTRwhjDDGAFsUa9w0l5OEeOEQPoWKchk_WF58wXmq0qPuc1jxw=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.sedarplus.ca\/<\/a> as well as our subsequent reports on Form 6-K filed with the SEC and also available on SEDAR.<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxOTE5MiM1ODA1OTMwIzIwMjA1NjI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MmViMTRkNTItMDg4Mi00YWM0LWEzZWUtMzQ3NmNkNmYyNzRiLTEwMzI0MDY=\/tiny\/Telesat-Canada.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>OTTAWA and HAWTHORNE, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) &#8212; Telesat (NASDAQ and TSX: TSAT), one of the world\u2019s largest and most innovative satellite operators, and SpaceX, which designs, manufactures and launches the world\u2019s most advanced rockets and spacecraft, today announced a multi-launch agreement to deliver the Telesat Lightspeed constellation to Low Earth Orbit (LEO). Telesat has contracted 14 launches on SpaceX\u2019s Falcon 9, the most reliable and only reusable orbital rocket flying today, which will carry up to 18 Telesat Lightspeed satellites to LEO per launch. The launch campaign is scheduled to commence in 2026 and will take advantage of SpaceX\u2019s high launch cadence to rapidly deploy the satellites and enable Telesat to begin providing global service in 2027. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Telesat and SpaceX Announce 14-Launch Agreement for Advanced Telesat Lightspeed LEO Satellites&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-782988","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Telesat and SpaceX Announce 14-Launch Agreement for Advanced Telesat Lightspeed LEO Satellites - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Telesat and SpaceX Announce 14-Launch Agreement for Advanced Telesat Lightspeed LEO Satellites - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"OTTAWA and HAWTHORNE, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) &#8212; Telesat (NASDAQ and TSX: TSAT), one of the world\u2019s largest and most innovative satellite operators, and SpaceX, which designs, manufactures and launches the world\u2019s most advanced rockets and spacecraft, today announced a multi-launch agreement to deliver the Telesat Lightspeed constellation to Low Earth Orbit (LEO). Telesat has contracted 14 launches on SpaceX\u2019s Falcon 9, the most reliable and only reusable orbital rocket flying today, which will carry up to 18 Telesat Lightspeed satellites to LEO per launch. The launch campaign is scheduled to commence in 2026 and will take advantage of SpaceX\u2019s high launch cadence to rapidly deploy the satellites and enable Telesat to begin providing global service in 2027. &hellip; Continue reading &quot;Telesat and SpaceX Announce 14-Launch Agreement for Advanced Telesat Lightspeed LEO Satellites&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-11T11:57:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxOTE5MiM1ODA1OTMwIzIwMjA1NjI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Telesat and SpaceX Announce 14-Launch Agreement for Advanced Telesat Lightspeed LEO Satellites\",\"datePublished\":\"2023-09-11T11:57:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\\\/\"},\"wordCount\":996,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkxOTE5MiM1ODA1OTMwIzIwMjA1NjI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\\\/\",\"name\":\"Telesat and SpaceX Announce 14-Launch Agreement for Advanced Telesat Lightspeed LEO Satellites - 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Telesat has contracted 14 launches on SpaceX\u2019s Falcon 9, the most reliable and only reusable orbital rocket flying today, which will carry up to 18 Telesat Lightspeed satellites to LEO per launch. The launch campaign is scheduled to commence in 2026 and will take advantage of SpaceX\u2019s high launch cadence to rapidly deploy the satellites and enable Telesat to begin providing global service in 2027. &hellip; Continue reading \"Telesat and SpaceX Announce 14-Launch Agreement for Advanced Telesat Lightspeed LEO Satellites\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-11T11:57:10+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxOTE5MiM1ODA1OTMwIzIwMjA1NjI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Telesat and SpaceX Announce 14-Launch Agreement for Advanced Telesat Lightspeed LEO Satellites","datePublished":"2023-09-11T11:57:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\/"},"wordCount":996,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxOTE5MiM1ODA1OTMwIzIwMjA1NjI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/telesat-and-spacex-announce-14-launch-agreement-for-advanced-telesat-lightspeed-leo-satellites\/","name":"Telesat and SpaceX Announce 14-Launch Agreement for Advanced Telesat Lightspeed LEO Satellites - 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