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| Telesat competes with Musk and Bezos in the Internet Space Race |
Canadian company Telesat is launching a constellation of satellites in Low Earth Orbit (LEO) to enable high-speed Internet access from space.
The race pitted the satellite communications company, founded in 1969, in competition with two prominent billionaires, Elon Musk and Jeff Bezos.
Tesla (Tesat) was only one year old when it launched its first satellite, and Tesla CEO Musk put the LEO satellite on Starlink with his company, SpaceX.
Amazon, founded by Bezos, is planning a similar plan for the Low Earth Orbit Kuiper Space Project.
Despite the competition, Telesat CEO Dan Goldberg has expressed confidence in Telesat's group of LEO satellites: it represents a sustainable competitive advantage in providing global broadband services.
The price of the satellite Telesat LEO is much lower than that of SpaceX and Amazon. The company has been in the satellite services industry for decades.
Additionally, the company is looking for high net worth corporate clients rather than focusing on mainstream marketplaces like SpaceX and Amazon.
Six years ago, Goldberg struggled when he realized the company's business model was in jeopardy as streaming video services, Netflix and optical fibers ensured fast internet connections.
Telesat's 15 geostationary satellites primarily provide services to television broadcasters, Internet service providers, and government networks.
These customers are increasingly concerned about the delay or delay in striking signals from satellites orbiting the Earth at altitudes of more than 35,000 km.
The orbit of the Telesat Low Earth Orbit (called Lightspeed) is approximately 35 times lower than the height of the Geostationary Satellite (GEO) and provides internet connection at speeds comparable to optical fiber cables.
Telesat plans to launch these satellites for the first time in early 2023 and nearly 1,200 MASK Starlink satellites are in service.
According to Goldberg, Starlink has an advantage of up to 24 months, but no company can fully capture that market during that period.
Telesat's goal is to launch the first batch of 298 Thales Alenia Space satellites in early 2023, to provide some high-latitude services later that year, and to provide global services in 2024.
Lightspeed Group estimates it will cost half of SpaceX and Amazon's $ 10 billion projects.