Telesat Files to Go Public Ahead of $5 Billion Lightspeed Plan
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Telesat Corp. has filed for a listing on U.S. and Canadian exchanges as it ramps up development of a $5 billion network of low-earth orbit satellites.
The Ottawa-based satellite operator, which is partially owned by Canada’s Public Sector Pension Investment Board, filed a preliminary prospectus to trade on Nasdaq and the Toronto Stock Exchange. Telesat, which owns and leases fleets of satellites, isn’t raising any money in the listing.