PARIS — The Ontario Teachers’ Pension Plan investment in SpaceX means two Canadian pension funds are now invested in competing global satellite-broadband projects.
The Ontario teachers’ fund joins the Public Sector Pension Investment Board, PSP Investments, which invested heavily in satellite fleet operator Telesat Canada a decade ago, when Telesat was a staid, predictable-cash-flow, fixed satellite services operator.
Telesat is now preparing for a low-orbiting broadband constellation mainly addressing corporate and government markets, not the mass consumer sector . . .
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