Core Insights - Telesat has expanded its partnership with Farcast, investing US$5 million and gaining a board seat to support the development of advanced satellite User Terminals for the Telesat Lightspeed program [1][3] Company Overview - Telesat is recognized as one of the largest and most innovative satellite operators globally, focusing on delivering critical connectivity solutions to address complex communication challenges [5] - Farcast, founded in 2019, specializes in high-performance satellite communication user terminals designed for optimal Size, Weight, Power, and Cost (SWaP-C) efficiency [7] Technology Development - Farcast's Active Electronically Scanned Antenna (AESA) technology allows simultaneous data transmission and reception, enhancing performance while reducing SWaP-C [2] - The collaboration between Telesat and Farcast has been ongoing since 2022, focusing on developing technology that meets the operational requirements for the Telesat Lightspeed network [3][4] Production Timeline - The fully integrated terminals with Telesat Lightspeed modem are expected to be available for volume production by 2027 [3][8] - Farcast is entering its production ramp in 2026, with full-scale manufacturing planned for 2027 [8] Funding and Financials - Farcast has raised a total of $13.6 million across various funding rounds and is currently seeking an additional $10 million in a Series Extension, which would bring total funding to over $23 million [9]