Telesat Corporation (NASDAQ: TSAT) (TSX: TSAT) has been named to the 2026 TSX30, TMX Group's flagship annual ranking of the top 30 performing companies on the Toronto Stock Exchange. The Ottawa-based satellite operator recorded a 475% share price gain over the three-year period ending June 30, 2026, corresponding to approximately $2.97 billion in incremental market capitalisation. The recognition arrives as Telesat advances its Telesat Lightspeed low Earth orbit broadband network, which the company expects to enter global service in Q1 2028.

Key Points

  • Telesat Corporation (NASDAQ: TSAT) (TSX: TSAT) is one of the world's largest satellite operators
  • Telesat has been named to the 2026 TSX30, recognising top-performing Toronto Stock Exchange companies
  • Share price grew 475% over three years ending June 30, 2026, adding approximately $2.97 billion in market capitalisation
  • Investors will be watching progress on the Telesat Lightspeed LEO constellation, targeting Q1 2028 global service entry

Telesat's Three-Year Share Price Performance Earns TSX30 Recognition

The TSX30 programme, established in 2019, ranks the 30 best-performing Toronto Stock Exchange-listed companies based on dividend-adjusted share price performance over a rolling three-year window. Telesat's 475% gain over the measurement period ending June 30, 2026, placed it among Canada's top-performing public companies. The approximately $2.97 billion in incremental market capitalisation cited in the release includes the increase in value of Telesat shares held in the form of partnership units, as noted in the company's disclosure.

Telesat Lightspeed Constellation Expansion Underpins Investor Confidence

Telesat attributes its strong market performance in part to progress on the Telesat Lightspeed LEO global satellite broadband network, described in the announcement as the largest space programme in Canada's history. The planned constellation recently expanded to include 44% more capacity, according to the release. Global service entry is targeted for Q1 2028. The network is designed for enterprise and government interoperability, operating in both commercial and military Ka-band spectrum and offering high-performance broadband with fibre-like speeds to telecom, aviation, maritime, and defence customers.

CEO Dan Goldberg Links TSX30 Inclusion to Long-Term Strategy

President and CEO Dan Goldberg commented on the recognition, stating in the release: "Our inclusion in the TSX30 reflects the excellent progress we've made in advancing Telesat Lightspeed and supports our confidence in Telesat's long-term strategy." Goldberg added that the company remains focused on delivering a world-class LEO broadband network and creating sustained value for customers, partners, and shareholders. Toronto Stock Exchange CEO Loui Anastasopoulos also noted that the 2026 TSX30 demonstrates the potential of Canadian companies to grow and compete globally.