Telesat and SpaceX Announce 14-Launch Agreement for Advanced Telesat Lightspeed LEO Satellites
Portfolio Pulse from Benzinga Newsdesk
Telesat (TSX:TSAT) and SpaceX have announced a multi-launch agreement to deliver the Telesat Lightspeed constellation to Low Earth Orbit (LEO). This partnership will involve 14 launches using SpaceX's advanced rockets and spacecraft.
September 11, 2023 | 11:05 am
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SpaceX, a subsidiary of Tesla (TSLA), has entered into a multi-launch agreement with Telesat. This could potentially increase SpaceX's revenue and indirectly benefit Tesla.
The agreement with Telesat could increase SpaceX's revenue, which could indirectly benefit Tesla as SpaceX is a subsidiary of Tesla. The impact is not direct as Tesla's main business is not space exploration, but it could still have a positive effect on Tesla's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80