Tag: $Eutelsat

Shares of French Satellite Group Eutelsat soared this week as SpaceX’s Starshield drew criticism after the Ukrainian military’s access to its systems was suddenly restricted.

Eutelsat said on Friday it expected slight revenue growth in 2027 as rapid expansion of its OneWeb satellite connectivity business offsets declines elsewhere, though weaker-than-expected profitability sent ​its shares down as much as 8%.

Eutelsat shares popped on Friday morning, after the European satellite operator announced a 1.35-billion-euro ($1.55 billion) capital raise led by the French state and backed by other investors.