Telesat Corporation

Telesat (TSAT) has a market cap of US$2.5B as of Oct 2, 2026 close, #12 among listed space companies. How it is built

TSAT on Nasdaq, Toronto Stock Exchange · Canada

Market cap

US$2.5B

Priced on Nasdaq (TSAT) · as of Oct 2, 2026 close

Shares outstanding

51.4M

Shares as of Jun 30, 2026 · Company's own document

Segment

Satellite communications

Satellite operators and connectivity, including direct-to-device

Next event

2026

EST · Falcon 9 Block 5 · Telesat Lightspeed 5

Price · Nasdaq (TSAT)

as of Oct 2, 2026End of day

US$48.13▲ +3.7%

Regular-session last sale across US venues on Oct 2, 2026, not the official closing auction price.

Oct 2, 2026 · US$48.13

Change: ▲ +74.9%
High: US$61.32 Aug 12, 2026
Low: US$23.64 Nov 20, 2025
Range: Oct 1, 2025 to Oct 2, 2026 · 253 sessions

Regular-session last sales, as traded. Prices are not adjusted for share splits.

What they do

as of Oct 3, 2026

Telesat operates a fleet of geostationary communications satellites and is building Telesat Lightspeed, a low Earth orbit broadband constellation. It is headquartered in Ottawa, Canada. Its Class A and Class B variable voting shares trade on Nasdaq and the Toronto Stock Exchange as TSAT; further classes and exchangeable partnership units are counted in its share total.

A plain description of the business, reviewed Oct 3, 2026. Drawn from: Form 6-K and 40-F filings (CIK 0001845840). Corrections: see corrections.

Recent filings and events

as of Aug 14, 2026

Next launch: 2026 EST: An estimate: a month, quarter, half-year or year Falcon 9 Block 5 · Telesat Lightspeed 5Last results filing: Form 20-F: annual report, filed Mar 17, 2026 · period Dec 31, 2025

Aug 14, 2026SCHEDULE 13G/APassive ownership report (amendment) · SEC EDGAR
Aug 13, 20266-KREPORT OF FOREIGN PRIVATE ISSUER · SEC EDGAR
Aug 13, 20266-KCURRENT REPORT · SEC EDGAR
Aug 4, 20266-KREPORT OF FOREIGN PRIVATE ISSUER · SEC EDGAR
Jul 9, 20266-KREPORT OF FOREIGN PRIVATE ISSUER · SEC EDGAR
Jul 9, 2026SCHEDULE 13D/AActive ownership report (amendment) · SEC EDGAR
Jul 8, 20266-KREPORT OF FOREIGN PRIVATE ISSUER · SEC EDGAR
Jun 5, 20266-KREPORT OF FOREIGN PRIVATE ISSUER · SEC EDGAR
May 15, 2026SCHEDULE 13G/APassive ownership report (amendment) · SEC EDGAR
May 5, 20266-KCURRENT REPORT · SEC EDGAR

Sources: SEC EDGAR. All filings on EDGAR. Insider forms (Form 4) are in the table below. Dated events are on the calendar and the launch manifest.

Insider transactions (Form 4)

No Form 4 transactions on file yet. They are read from EDGAR by the hourly refresh.

What each Form 4 reported, as filed. Non-derivative transactions only; option grants and exercises appear on the filing itself. All filings on EDGAR.

Contract awards · last 12 months

No US federal contract award of US$250K or more on file for the last 12 months.

US federal awards of US$250K or more, from USAspending.gov. Amounts are as the source states them. Defense awards reach USAspending about 90 days after signing.

Upcoming events

as of Oct 3, 2026

Upcoming events for Telesat Corporation, soonest first
Date	Status	Event	T-minus	Source
2026	EST: An estimate: a month, quarter, half-year or year	Falcon 9 Block 5 · Telesat Lightspeed 5Launch · Cape Canaveral SFS, FL, USA	—	Launch Library 2
2026	EST: An estimate: a month, quarter, half-year or year	Falcon 9 Block 5 · Telesat Lightspeed 3Launch · Cape Canaveral SFS, FL, USA	—	Launch Library 2
2026	EST: An estimate: a month, quarter, half-year or year	Falcon 9 Block 5 · Telesat Lightspeed 4Launch · Cape Canaveral SFS, FL, USA	—	Launch Library 2
Dec 2026	EST: An estimate: a month, quarter, half-year or year	Falcon 9 Block 5 · Telesat Lightspeed 1Launch · Cape Canaveral SFS, FL, USA	—	Launch Library 2
2026	EST: An estimate: a month, quarter, half-year or year	Falcon 9 Block 5 · Telesat Lightspeed 6Launch · Cape Canaveral SFS, FL, USA	—	Launch Library 2
2026	EST: An estimate: a month, quarter, half-year or year	Falcon 9 Block 5 · Telesat Lightspeed 2Launch · Cape Canaveral SFS, FL, USA	—	Launch Library 2
2026	EST: An estimate: a month, quarter, half-year or year	Falcon 9 Block 5 · Telesat Lightspeed 7Launch · Cape Canaveral SFS, FL, USA	—	Launch Library 2
2027	EST: An estimate: a month, quarter, half-year or year	Falcon 9 Block 5 · Telesat Lightspeed 10Launch · Cape Canaveral SFS, FL, USA	—	Launch Library 2

Each row links to its source. The calendar lists every company's dates; the full launch manifest explains the status labels.

Peers

AST SpaceMobileASTSUS$22.7B#3 · as of Oct 2, 2026 close
GlobalstarGSATUS$10.8B#4 · as of Oct 2, 2026 close
ViasatVSATUS$9.9B#5 · as of Oct 2, 2026 close
Iridium CommunicationsIRDMUS$5.2B#7 · as of Oct 2, 2026 close
KVH IndustriesKVHIUS$127M#22 · as of Oct 2, 2026 close

All satellite communications companies by market cap · Space industry market cap · Leaderboard

Listings

Every listing of Telesat Corporation
Ticker	Exchange	Currency	Share class	Role
TSAT	Nasdaq	USD	Common	Pricing listing
TSAT	Toronto Stock Exchange	CAD	Common	Non-US exchange

Share classes

as of Jun 30, 2026

Shares outstanding by class
Class	Shares	As of	Counted	Source
Class public	15,106,517	Jun 30, 2026	At its own listed price	Company's own document6-K filed 2026-08-13, Q2 2026 interim statements: Telesat Public Shares (Class A and Class B Variable Voting), June 30, 2026
Class C (unlisted)	112,841	Jun 30, 2026	At the Class public price (converts into it)	Company's own documentClass C Shares, June 30, 2026; same economic rights as the public shares
Class LP-AB (unlisted)	18,059,646	Jun 30, 2026	At the Class public price (converts into it)	Company's own documentTelesat Partnership Class A and Class B LP Units, June 30, 2026; exchangeable for Telesat Public Shares
Class LP-C (unlisted)	18,098,362	Jun 30, 2026	At the Class public price (converts into it)	Company's own documentTelesat Partnership Class C LP Units, June 30, 2026; exchangeable units

Telesat's unlisted Class C Shares have the same economic rights as its listed shares; they are valued at the listed share price.
About 70% of Telesat's economic interest is held through exchangeable units of Telesat Partnership LP, which can be exchanged one-for-one for Telesat shares. They are counted as if exchanged, at the listed share price.

How this market cap is built

as of Oct 2, 2026End of day

Shares outstanding: 51,377,366 · every class, counted once · shares as of Jun 30, 2026
Price: US$48.13 · priced on Nasdaq (TSAT) · regular-session last sale on Oct 2, 2026
Market cap: US$2.5B = 51,377,366 shares × US$48.13
In Canadian dollars: C$3.5B · Bank of Canada rate for Oct 2, 2026: US$1 = C$1.4246
On the list: Number 12 of 24 pure plays with a computed market cap, 0.1% of their total. Satellite communications companies by market cap.

Market cap = shares outstanding × one price × one exchange rate (methodology). The price is a last sale across several US venues, not the official closing auction price.

How this number is built: methodology. Where the data comes from: sources. Who runs this site and what they hold: disclosures. More: Satellite communications · leaderboard · space industry market cap.