Telesat announced a 20% revenue decline to $81 million in Q3 2026 and a net loss of $157 million, impacted by lower GEO segment revenue and higher expenses. The company secured a $2.7 billion contract with the Canadian government for its Lightspeed satellite program, expanding its planned constellation to 225 satellites and targeting commercial service by early 2028. Despite financial challenges, Telesat is focused on maximizing GEO satellite cash flow, refinancing debt, and advancing its LEO satellite network with strong government and defense opportunities ahead.
Telesat reported a 20% revenue decline to $81 million in Q3 2026, alongside a net loss of $157 million, as of October 29, 2026. For readers following the Technology sector, here is Pluang's market snapshot as of Oct 29, 2026 17:21 WIB: out of 150 priced US tech stocks, 24 rose and 123 fell. Notable movers include AXTI at USD 60.40 with a 1-day change of -6.18% and Pluang order activity of 57% Sell / 43% Buy, CRWD at USD 250.68 down 5.99% with 74% Sell / 26% Buy, and UMC at USD 17.70 down 5.95% with 46% Sell / 54% Buy.
Naples Comprehensive Health (NCH) has completed the first tricuspid valve repair in the US using the PASCAL Precision system following FDA approval. This minimally invasive catheter-based procedure offers a new treatment option for patients with seve...
Immunocore Holdings will present Phase 1/2 clinical trial data for brenetafusp alone and combined with KIMMTRAK in treating metastatic uveal melanoma at the 2026 Society for Immunotherapy of Cancer meeting. This trial evaluates safety and efficacy in...
Collegium Pharmaceutical and Boston Legacy FC have extended their partnership to include youth coach training, an annual Sports for All Summit, and sensory inclusion programs aimed at supporting neurodivergent children, especially those with ADHD, in...
Gilat Satellite Networks announced that its CEO Adi Sfadia and CFO Gil Benyamini will attend the Deutsche Bank Global Space and Defense Tech Summit on November 18, 2026, in New York City. The event will feature one-on-one and group meetings, providin...
Boralex Inc. has acquired Wind2, a UK-based renewable energy developer with about 350 MW of advanced wind projects across Scotland, England, and Wales. This acquisition strengthens Boralex's presence and capabilities in the UK, aligning with its stra...
