It seems that the dominance of SpaceX by its owner Elon Musk and Amazon by Jeff Bezos, two of the richest people in the world, will be affected by the entry of the Canadian company Telesat to compete in the space field, according to the site whbl
The Canadian company, founded in 1969, aims to launch a constellation of Low Earth Orbit satellites (LEO) to provide high-speed Internet from space.
Elon Musk is placing the LEO Starlink satellites with his company, SpaceX, while the Amazon company founded by Bezos is planning a project similar to LEO satellites called Project Kuiper.
The Telesat satellites with low Earth orbit LEO have a much lower price than SpaceX and Amazon, where the company has been in the satellite services for decades.
The company is looking for rich commercial clients instead of focusing on the consumer market, such as SpaceX and Amazon.
Telesat's 15 geostationary satellites mainly provide services to television stations, Internet service providers, and government networks.
The constellation of Telesat's LEO is called Lightspeed, orbiting at altitudes about 35 times lower than geostationary satellites, GEO, and providing an internet connection at a speed comparable to optical fibers.
Telesat plans to first launch these satellites in early 2023, while about 1,200 MASK's Starlink satellites are in orbit.
Telesat aims to launch the first batch of 298 satellites to be built by Thales Alenia Space in early 2023, with partial service in high latitudes later in the same year, and full global service in 2024.
The Lightspeed Group is estimated to cost half the $ 10 billion SpaceX and Amazon projects.