Commercial Space News

Via SatelliteRachel Jewett

Telesat calls creditor lawsuits over legacy GEO assets 'without merit' — risk to Lightspeed financing

Telesat on Jan. 21 said lawsuits brought by creditors holding portions of the company’s legacy GEO assets are "without merit." The legal actions, lodged by distressed debt hedge funds, could complicate or delay financing for Telesat’s Lightspeed LEO constellation, potentially affecting the program’s funding timeline.

2026-01-22T12:35:24.401394-08:00

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