Eutelsat’s Shares Skyrocket as France Leads €1. 35 Billion . . . Eutelsat, the European satellite company, made headlines this week as its stock surged an impressive 31% on Friday The rally came right after the company announced it had secured a €1 35 billion ($1 55 billion) capital injection
Eutelsat Raises €1. 35 Billion to Build Europe’s Starlink Rival Eutelsat Communications SA is raising €1 35 billion ($1 5 billion) from the French government and other investors in a deal that will help the European company build out its fleet of satellites
France to cough up cash to make Eutelsat a Starlink rival Satellite biz Eutelsat is looking to raise €1 35 billion ($1 55 billion) to grow its Low Earth Orbit (LEO) network to take on Starlink and benefit from anticipated growth in demand for connectivity The French-owned satellite operator said it is looking to raise capital by the end of the year
The French government is stepping in to rescue Eutelsat To achieve this, France's State Participation Agency (APE, the government's shareholdings agency) will take a major share in Eutelsat's €1 35 billion capital increase; the APE alone will