Canada backs a rival to Starlink but a $2bn debt battle threatens its plans

Canada has thrown its support behind Telesat, a company aiming to rival Elon Musk's Starlink in the satellite internet space, despite a looming $2 billion debt crisis that threatens its ambitious plans. Telesat's strategy to compete with Starlink hinges on its ability to secure SpaceX's rockets for launch, underscoring the delicate balance between innovation and financial stability. This move highlights Canada's commitment to fostering homegrown tech solutions while navigating the complexities of global satellite competition.