Musk, the Tesla Inc CEO who was only a year old when Telesat launched its first satellite, is putting the so-called Starlink LEO into orbit with his company SpaceX, and Amazon.com Inc, which Bezos founded, is planning a LEO called Project Kuiper. Bezos also owns Blue Origin, which builds rockets.
Goldberg said he was literally losing sleep six years ago when he realized the company's business model was in peril as Netflix and video streaming took off and fiber optics guaranteed lightning-fast internet connectivity. Those ideas eventually led to Telesat's LEO constellation, dubbed Lightspeed, which will orbit about 35 times closer to earth than GEO satellites, and will provide internet connectivity at a speed akin to fiber optics.
Starlink's"first mover" advantage is at most 24 months and"no one's going to lock this whole market up in that amount of time," Goldberg said. Telesat aims to launch its first batch of 298 satellites being built by Thales Alenia Space in early 2023, with partial service in higher latitudes later that same year, and full global service in 2024.The Lightspeed constellation is estimated to cost half as much as the $10 billion SpaceX and Amazon projects.
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