Sources told The Globe and Mail the Ottawa-based satellite company would announce its plans in the fall after negotiations between its two shareholders, the Public Sector Pension Investment Board and Loral Space & Communications Inc. All parties declined the Globe‘s requests for comment. (The Globe and Mail)

Talking Point: Space isn’t cheap. In its efforts to build a constellation of low-earth orbit satellites that will provide high-speed internet access to the earthbound, Telesat’s competitors include Amazon, which has earmarked US$10 billion for its Project Kuiper, and Elon Musk’s SpaceX, which plans to spend at least that amount. The company had previously said it expected to fund its efforts with a mix of equity and debt. One source told the Globe the Nasdaq-listed Loral may merge with Telesat, with the satellite company going public as part of that process via a dual listing in the U.S. and Canada.