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Telesat runs 20% on Q4 & Lightspeed optimism

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Telesat runs 20% on Q4 & Lightspeed optimism

Telesat (TSAT) ran nearly 20% on a Q4 beat and military upgrade to its Lightspeed satellite constellation, which should attract another ~$1B through 2026 en route to global commercial service in 2028 - financed in part by the cash flows from a steadily declining GEO business. That’s led to litigation, which the market is shrugging off for now - with TSAT notching new highs on the print.

Eli Rodney
Eli Rodney

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Mar 17, 2026

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2 min read

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