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Telesat Corp ( (TSE:TSAT) ) has shared an announcement.
On March 17, 2026, Telesat announced it will add 500 MHz of military Ka-band spectrum to the first 156 satellites of its Telesat Lightspeed LEO constellation, replacing an equivalent amount of commercial Ka-band on the user link while leaving gateway links unchanged. The move is aimed at meeting rapidly growing global demand from allied defence customers for resilient, low-latency Mil-Ka capacity, significantly expanding global military Ka-band supply and strengthening Telesat Lightspeed’s positioning as an interoperable, secure platform for defence and sovereignty-focused satellite communications, with the first two production satellites slated for launch in December 2026 and a rapid deployment through 2027.
The most recent analyst rating on (TSE:TSAT) stock is a Buy with a C$72.00 price target. To see the full list of analyst forecasts on Telesat Corp stock, see the TSE:TSAT Stock Forecast page.
Spark’s Take on TSAT Stock
According to Spark, TipRanks’ AI Analyst, TSAT is a Neutral.
The score is primarily held down by weak financial performance (declining revenue, ongoing losses, high leverage, and poor cash generation). Technicals are mixed with modest longer-term improvement but limited near-term momentum, while valuation is constrained by a negative P/E. The earnings call adds some support via reaffirmed guidance and Lightspeed progress, but recent revenue/expense trends and the net loss remain key risks.
To see Spark’s full report on TSAT stock, click here.
More about Telesat Corp
Telesat Corp. is one of the largest global satellite operators, providing critical connectivity solutions to telecom, government, maritime and aeronautical customers. Its Telesat Lightspeed low Earth orbit (LEO) network is designed to deliver high-capacity, secure and resilient satellite links with fibre-like speeds worldwide.
Average Trading Volume: 36,941
Technical Sentiment Signal: Buy
Current Market Cap: C$720.3M
See more insights into TSAT stock on TipRanks’ Stock Analysis page.