TSAT remains a two-part story. First, it has a declining GEO business. But it also has an ongoing Lightspeed buildout. Lightspeed is moving into production, with the planned constellation now expanded to 225 satellites. TSAT targets to have global commercial service ready by the end of Q1 2028. Plus, TSAT signed a C$2.7 billion Canadian defense agreement.
Telesat NASDAQ: TSAT reported a second-quarter net loss of CAD 559 million as the satellite operator continued to invest in its Lightspeed low Earth orbit network, while its legacy geostationary-orbit business faced ongoing revenue pressure.
Telesat Corporation (TSAT) Q2 2026 Earnings Call Transcript
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 4,486 | $262,475.86 | $190,899.94 | -$71,575.92 | -27.27% |
| NA Nizar Araji National Bank Of Canada /FI/ | 1,097 | $29,681.05 | $64,635.24 | $34,954.19 | 117.77% |
| RB Richard Britnell Guardian Capita LLP | 107,029 | $6.26M | $5.42M | -$842,318.23 | -13.45% |
Point72 Asset Management LP Point72 Asset Management LP | 9,066 | $530,451.66 | $459,102.24 | -$71,349.42 | -13.45% |
| MPM Mark P. Mennitt CenterBook Partners LP | 71,500 | $4.18M | $3.09M | -$1.09M | -26.05% |
| Communications Equipment Industry | Information Technology Sector | Daniel S. Goldberg CEO | NASDAQ (NGS) Exchange | 879512309 CUSIP |
| CA Country | 711 Employees | 3 Dec 2020 Last Dividend | - Last Split | - IPO Date |
Founded in 1969 and headquartered in Ottawa, Canada, Telesat Corporation stands as a formidable satellite operator providing a spectrum of mission-critical communications services globally. Catering to a diverse clientele that includes broadcast, enterprise, and consulting customers, Telesat Corporation prides itself on offering reliable and comprehensive communication solutions. The company's extensive satellite-based services play a pivotal role in enabling direct-to-home (DTH) service providers to deliver a wide range of television programming, audio, and information channels directly to customers' homes. Moreover, it facilitates broadcasters, cable networks, and DTH service providers in transmitting television programming services across various platforms.
Telesat Corporation's offerings are broad and multifaceted, designed to meet the complex needs of its clientele through the following products and services:
Telesat Corporation markets its diverse offerings primarily through a direct sales force, harnessing a tailored approach to meet the specific needs of its customers.