Ottawa's $2B loan for satellites has Tories calling for Elon Musk to step in

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Ottawa's $2B loan for satellites has Tories calling for Elon Musk to step in
Elon MuskMichael BarrettTelesat
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OTTAWA — A $2.14-billion federal loan for an Ottawa-based satellite operator has Canadian politicians arguing about whether American billionaire Elon Musk...

OTTAWA — A $2.14-billion federal loan for an Ottawa-based satellite operator has Canadian politicians arguing about whether American billionaire Elon Musk poses a national security risk.

Conservative MP Michael Barrett objected to the price tag, asking Musk in a social media post how much it would cost to provide his Starlink to every Canadian household that does not have high-speed access. A spokesperson for Innovation Canada said the new loan replaces a previous $1.44-billion loan announced in 2021, which did not go ahead. The government is maintaining its commitment to spend $600 million to buy internet capacity once the system is operational.The Liberal government has a years-long initiative to ensure all Canadian households are connected to high-speed internet, with the goal of getting to 98 per cent in 2026 and 100 per cent by 2030.

Starlink's coverage map shows service as available in Canada, though its parent company didn't answer questions about service availability in the country's most remote areas. The Conservatives also tried to connect the contract to former Bank of Canada governor Mark Carney, who was appointed as an economic adviser to the Liberals on Sept. 9, four days before the Telesat loan was announced.

Musk has become an increasingly controversial and political figure in recent years, particularly since he bought the social media platform Twitter, which he renamed X. He has used his large reach to share false information.

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Elon Musk Michael Barrett Telesat Government Of Canada The Liberal Government Canada Canada Canadian Household Satellite Internet

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