financetom
Business
financetom
/
Business
/
Telesat Invests $5 Million in Startup Firm Farcast
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Telesat Invests $5 Million in Startup Firm Farcast
Nov 4, 2025 8:07 AM

10:50 AM EST, 11/04/2025 (MT Newswires) -- Telesat ( TSAT ) said Tuesday it is expanding its relationship with Farcast, a San Francisco-based startup building satellite User Terminals.

Farcast will supply an enterprise-class Flat Panel Antenna User Terminal that is fully integrated with the Telesat Lightspeed modem and ready for volume production, the company said.

Telesat ( TSAT ) said it is also making a $5 million equity investment in Farcast and will take a seat on Farcast's board.

Price: 28.54, Change: -1.18, Percent Change: -3.97

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Giorgio Armani foundation to propose new CEO, keep 30% stake
Giorgio Armani foundation to propose new CEO, keep 30% stake
Sep 12, 2025
MILAN (Reuters) -The Giorgio Armani foundation, set up in 2016 and the key pillar of the Italian designer's succession, will propose the name of the group's new CEO, Armani's executive committee said on Friday. The Fondazione .. shall never hold less than 30% of the capital, thereby acting as a permanent guarantor of compliance with the founding principles, the committee...
XTI Aerospace Prices $20 Million Public Offering; Shares Fall Pre-Bell
XTI Aerospace Prices $20 Million Public Offering; Shares Fall Pre-Bell
Sep 12, 2025
08:23 AM EDT, 09/12/2025 (MT Newswires) -- XTI Aerospace ( XTIA ) said Friday it priced a public offering of shares and pre-funded warrants for estimated gross proceeds of $20 million. The offering, which is priced at $1.60 per share and warrant, consists of 12.5 million shares or pre-funded warrants in lieu thereof, and warrants to purchase up to the...
Oxford Lane Capital Estimates NAV at $20.02 to $20.22 per Share as of Sept. 8
Oxford Lane Capital Estimates NAV at $20.02 to $20.22 per Share as of Sept. 8
Sep 12, 2025
08:23 AM EDT, 09/12/2025 (MT Newswires) -- Oxford Lane Capital ( OXLC ) said Friday its estimated net asset value per share as of Sept. 8 was between $20.02 and $20.22. The company said the estimated value is not approved by its board and may differ materially from the net asset value it will report for the quarter ending Sept....
ING Expects BoC Rate Cut Next Week, Maintains Weak View on Canadian Dollar
ING Expects BoC Rate Cut Next Week, Maintains Weak View on Canadian Dollar
Sep 12, 2025
08:22 AM EDT, 09/12/2025 (MT Newswires) -- The Bank of Canada is set to resume cutting interest rates next week in the wake of a large gross domestic product contraction in Q2 and rising unemployment, said ING. The BoC is slated to release its policy statement at 9:45 a.m. ET Wednesday. Tariffs will continue to weigh on the economy, and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved