LORL - Loral rises 12% as LightShed sees 'back door' investment into Lightspeed satellites

Loral Space & Communications (LORL) is up 12% today after an initiation at Buy by LightShed Partners, which is highlighting the pick as a "back door" into the new Lightspeed satellite constellation. Telesat won't become a public company until the middle of the year or so, but investors can buy into Loral, which owns 63% of Telesat. And that way, they can get a way to invest in Lightspeed, a new Low Earth Orbit constellation that's targeting a different market than the higher-profile Starlink project at SpaceX (SPACE). "Telesat is also uniquely positioned to benefit from the demand for deep C-Band spectrum needed to enable 5G in Canada," the firm says. "These new opportunities are backed by a declining, but free cash flow generating, GEO satellite business, which should provide a floor value for investors." That legacy GEO business should see declining revenue/EBITDA beyond the pandemic's effects, because of the

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Loral rises 12% as LightShed sees 'back door' investment into Lightspeed satellites