Why the European Starlink opponent is rocked in EUTSAT shares
Satellite dinner in Eutelsat’s Madeira office in a place satellite network. Photographer: / Bloomberg Getty through Images
Zed Jeymeson | Bloomberg via Getty Images
Shares of the French satellite operator Eutelsat Last week, it slipped about 390% – and a potential change in European protection helps to rally.
The company’s share price was on Tuesday and 120% of them, and more than 120% of the last week. On February 28, the last Friday, the shutdown price and shares took 387% sunglasses.
The shares of EUTELSAT continued to climb more than 22% local time in Paris on Monday, more than 22% local time.
What’s behind the great share price earnings of EUTELSAT? CNBC flows all the ones you need to know.
What is eutelsat?
Eutelsat is a French company that produces a satellite for data connection. Elon Musk sends them into space using Elon Musk Spacex’s Likes, sends them to low orbit (Leo) and Geostationary orbit (GEO).
In 2023, the third largest satellite operator in terms of Eutelsat income to monitor an agreement to connect the operations with the British Satellite Company. This competes with the Starlink Satellite Internet Enterprise, which is a subsidiary of the SPACEX.
Why skyocketing stocks?
Last week, Eutelsat was reported that Eutelsat was working to replace EMB EMARK in Ukraine as potential. For years, Starlink offered the Ukrainian military satellite to help the Russian occupation in Russia’s occupation.
However, the relations between the United States and Ukraine have recently given the President Donald Trump. Musk serves as a consulting body, the head of the Government Efficiency.
Last week, Trump stopped all military assistance to Ukraine after a collision with the President Volodymyr Zelenskyy. Conflict, Trump replied again with US policy on Ukraine and Russia by Moscow.
According to February, the United States talks could not successfully negotiate Ukraine to Ukraine’s rare land minerals, they have created the opportunity to increase Ukraine’s access to Starlink.
On March 4, EUTELSAT said it was in talks on the European Union and Ukraine on Internet access.
The shares of the French company has already begun in the early day, when Eutelsat negotiated with the US fracture, began behind assumptions that they can serve as a substitute for Starlink in Ukraine.
Will Eutelsat Starlink replace?
It’s not completely clear yet. The company is discussing the expansion of services in Ukraine with the EU.
Eutselsat has a scale to offer additional support to Ukraine in terms of satellite-based contact. The company says that more than 600 satellites are currently a fleet of 35 geo satellite.
On the weekend, Musk and US Secretary of State Marco Rubio, which was a social media platform known as Twitter, which was previously owned by Musk, spat on the X Foreign Ministry.
Tech Billionere said Ukraine will collapse with the “all front line” Starlink.
In response, Poland Foreign Minister Radoslaw Sikorski has added that the country has been sending Sorcaha’s support for Ukraine in the fight against Moscow since 2022.
Rubio Sikorski’s allegations did not threaten and testify to test and appreciate the gratitude from Ukraine “and the musk politician said.
On Monday, Polish Prime Minister Donald Tusk, Sikorski said, “Calm,” said, “Solid” said, “Polish Raison d’état” told others from another country.
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