PARIS — Kepler Communications of Canada will build its own 140-satellite constellation at a new Toronto plant rather than hire a merchant manufacturer to do the job. It’s the latest example of why the projected huge increase in smallsat demand is not showing up in backlog for companies created to mass produce small spacecraft.

Kepler, which has raised $21.1 million from five financing rounds, has two demonstration satellites in orbit. Its business plan is to provide narrowband IoT and wideband communications globally from a constellation in low Earth orbit . . .

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