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Canadian satellite broadband company Telesat debuts on the Nasdaq, adding another space pure play

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Canadian satellite communications company Telesat went public on the Nasdaq on Friday, bringing another space pure-play to the market.

Canadian satellite communications company Telesat went public Friday on the Nasdaq, bringing another space pure-play stock to the market.

Telesat's core growth project is the low Earth orbit broadband satellite network it's building called LightspeedTelesat CEO Dan Goldberg poses for a photo at the offices of Telesat, a Canadian satellite communications company, in Ottawa, Ontario, Canada March 24, 2021.went public Friday on the Nasdaq, bringing another space pure-play stock to the market.

Telesat shares priced at $41.52 and surged as much as 16% in early trading, before giving up most of the gains to trade largely unchanged.

 

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