Compare Companies
| Field | 🇨🇦 TelesatNASDAQ / TSX: TSAT | 🇫🇷 Eutelsat GroupEuronext Paris / London Stock Exchange (dual-listed): ETL | 🇺🇸 Viasat IncNASDAQ: VSAT | 🇺🇸 Iridium CommunicationsNASDAQ: IRDM |
|---|---|---|---|---|
| Type | public | public | public | public |
| Country | 🇨🇦 Canada | 🇫🇷 France | 🇺🇸 United States | 🇺🇸 United States |
| Founded | 1969 | 1977 | 1986 | 2001 |
| CEO | Daniel S. Goldberg | Jean-François Fallacher | Mark Dankberg | Matt Desch |
| Mkt Cap / Valuation | ~US$300M (depressed equity reflecting GEO decline and Lightspeed transition risk) | ~€3.5B (May 2026, ETL.PA ~€2.96) | ~$1.2B | ~$3.0B |
| Employees | ~600-1,000 (Telesat Canada ~610; consolidated headcount ~1,000 across 6 continents as of March 2026) | ~1,800 (Group, post-merger) | ~7,300 (post-Inmarsat integration) | ~975 |
| Sector | Satellite Communications | Satellite Connectivity (GEO + LEO) | Satellite Communications & Broadband | Satellite Communications |
| Last raise / Last filing | 10-K filed | — | 10-K filed | 10-K filed |
| Top risks | Going-concern / debt refinancing risk: CAD $1.7B of Telesat Canada debt matures December 2026 and FY2025 financials were prepared on a going-concern basis. A failure to refinance would force restructuring or capital raise at depressed equity prices.; Lightspeed execution risk: 198-satellite constellations are notoriously difficult to deploy and operate; the program has already slipped from 2027 to 2028 service. Further ASIC, manufacturing (MDA), or launch (SpaceX manifest) delays would compound the cash burn period before Lightspeed revenue. | Starlink competitive pressure: Starlink's price/performance and scale dominate every LEO segment Eutelsat targets; OneWeb relies on B2B/government channels where Starlink is also moving aggressively.; Linear-video / DTH decline: Video revenue (€608M, -6.5% LfL FY24-25) is the largest single segment and structurally declining as streaming displaces satellite-distributed TV. | $7.2B debt burden — limits financial flexibility, restricts capex for next-generation satellites, and amplifies any execution miss.; Starlink LEO competition in commercial in-flight broadband — Starlink's lower latency is winning narrowbody airline RFPs; Viasat must execute multi-orbit hybrid quickly. | Starlink Direct and Apple/Globalstar D2D competition — could pressure consumer-adjacent revenue if Iridium does not secure smartphone-OEM partnerships.; DoD EMSS contract renewal pricing risk — government cost optimization could compress unit economics on the largest single customer contract. |
| Next catalyst | First Lightspeed satellite launches on SpaceX Falcon 9 (2026-Q3 to 2026-Q4) | First OneWeb Gen 2 satellite launches (Airbus-built, IRIS²-ready) (Late 2026) | ViaSat-3 F2 entry into service after in-orbit testing (2026-Q2) | Closure of new DoD EMSS unlimited-use contract renewal (2026-H1) |
Maximum 4 companies. Pass slugs in the ids query parameter, comma-separated. Try SpaceX vs Blue Origin vs Rocket Lab vs Firefly.