Telesat (TSAT)
Operates GEO connectivity while building the Lightspeed LEO broadband network.
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Sells GEO connectivity across Broadcast and Enterprise services to telecom, government, corporate, and broadcast customers. Lightspeed combines planned LEO satellites with terrestrial infrastructure.
Operates a GEO fleet providing C-, Ku-, and Ka-band connectivity across broadcast, corporate, telecom, and government markets. Its Broadcast and Enterprise services span aviation, maritime, Latin America, and Canadian and U.S. government customers.
Develops Telesat Lightspeed, a low-Earth-orbit broadband network with terrestrial infrastructure. Demonstration satellites support technology tests, and planned Canadian landing stations will route network data to fibre and internet-exchange points.
The GEO business provides current services while Lightspeed remains in development. The transition depends on infrastructure deployment, spectrum and market access, launches and satellite performance, and financing and regulatory conditions.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $272.7M · Total debt $2.70B · Total assets $4.81B · Shareholders' equity $268.0M
- Revenue
- $56.6M
- Operating income
- −$9.1M
- Net income
- −$118.0M
Reported in CAD, converted at the latest exchange rate
No dividends on record.
| Institutions | ≈ 288.45% | 42.82M ADS | |
|---|---|---|---|
| 110 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Adds to | 288.45% | ||
14.84M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 288.45%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Public Sector Pension Investment BoardInstitution | 122.69% | 18.21M A ADS | as of Jun 30, 2026 |
MHR Fund Management LLCInstitution | 121.50% | 18.04M A ADS | as of Jun 30, 2026 |
Gamco Investors, Inc. et alInstitution | 11.61% | 1.72M A ADS | as of Jun 30, 2026 |
Greywolf Opportunities Master Fund II LPInstitution | 5.80% | 860,551 | filed Feb 12, 2025 |
Gabelli Funds LLCInstitution | 4.83% | 716,281 A ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Telesat | $50.71 | −1.34% | $760.2M | — | — | 2.9 | −28.2% |
| Viasat | $75.06 | −1.73% | $10.52B | — | — | 2.3 | −1.2% |
| EchoStar | $95.64 | +0.29% | $15.11B | — | 33.2 | 1.0 | −4.0% |
| Iridium Communications | $48.28 | +0.15% | $5.11B | 54.8 | 40.9 | 5.8 | +3.8% |
| Median | 54.8 | 37.0 | 2.3 | −1.2% |