Telesat (TSAT) Moves 10.3% Higher: Will This Strength Last? [Yahoo! Finance]
Telesat Corporation (TSAT)
Company Research
Source: Yahoo! Finance
The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 20.2% gain over the past four weeks. The increase in share price can be attributed to the C$2.54 billion funding secured by Telesat for advancing its Lightspeed Low Earth Orbit (LEO) broadband satellite constellation. The funding was provided by the governments of Canada and Quebec. Telesat will be utilizing the fund for its Telesat Lightspeed network and the business and operational support systems required for the network. Telesat Lightspeed network comprises satellites and satellite launch vehicles along with a terrestrial network of landing stations and points of presence globally. The company further highlighted that the Telesat Lightspeed network will boost the reach of the Internet and 5G networks in Canada and aid in mitigating the digital divide within the country. The development will also generate high-quality jobs in Canada whi
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TSAT
News
- SpaceX president says ‘there is plenty of room for competition,' as Starlink nears 5 million customers [CNBC]CNBC
- Telesat Corp (TSAT) Q3 2024 Earnings Call Highlights: Navigating Revenue Declines and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Eaton's high-performance propellant tanks selected by MDA Space for MDA AURORA™ satellite technology [Yahoo! Finance]Yahoo! Finance
- Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2024 [Yahoo! Finance]Yahoo! Finance
- Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2024GlobeNewswire
TSAT
Sec Filings
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- 10/7/24 - Form SC
- TSAT's page on the SEC website