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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 It
Eutelsat’s Shares Skyrocket as France Leads €1. 35 . . . - TechStory 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 Leading the charge was the French government, which has stepped in