Eutelsat Communications SA
Musk’s Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake
French satellite group Eutelsat, often seen as Europe’s answer to Elon Musk’s Starlink, saw its share price plummet Wednesday following a report that Japanse investor SoftBank cut its stake in the company. Shares in Eutelsat were last trading 7.2% lower as of 4.41 a.m. ET. The moves come following a Reuters report that SoftBank has […]
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How the U.S. space industry became dependent on SpaceX
SpaceX is valued at around $400 billion and is critical for U.S. space access, but it wasn’t always the powerhouse that it is today. Elon Musk founded SpaceX in 2002. Using money that he made from the sale of PayPal, Musk and his new company developed their first rocket, the Falcon 1, to challenge existing […]
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France is betting Eutelsat can become Europe’s answer to Starlink — but experts aren’t convinced
France views Eutelsat as a strategic asset in the EU’s push for technological sovereignty. Benoit Tessier | AFP via Getty Images For years, France’s Eutelsat has been trying to build a European alternative to Elon Musk’s Starlink satellite broadband service. The company merged with British satellite venture OneWeb in 2023, consolidating the region’s satellite communications […]
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A European Starlink rival’s shares skyrocketed 390% in a week — here’s why
A satellite dish in a ground network of satellites at Eutelsat’s Madeira office. Photographer: /Bloomberg via Getty Images Zed Jameson | Bloomberg via Getty Images Shares of French satellite operator Eutelsat skyrocketed almost 390% last week — and a potential change of tack in European defense has been helping the rally. The firm’s stock price […]
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How China’s satellite megaprojects are challenging Elon Musk’s Starlink
China faces a tall order in its efforts to catch up to Elon Musk’s SpaceX satellite service. SpaceX’s Starlink already has nearly 7,000 operational satellites in orbit and serves around 5 million customers in more than 100 countries, according to SpaceX. The service is meant to offer high-speed internet to customers in remote and underserved […]
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China launches its rival to Elon Musk’s Starlink internet satellites
The Chang’e 6 lunar probe and the Long March-5 Y8 carrier rocket combination sit atop the launch pad at the Wenchang Space Launch Site in Hainan province, China May 3, 2024. Eduardo Baptista | Reuters China on Tuesday launched its first batch of internet satellites that will form part of a constellation it hopes will […]
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Starlink’s speedy growth and impact has built it an indispensable element of Elon Musk’s SpaceX
Elon Musk’s SpaceX is known for its frequent launches, which now dominate the area business. But the satellites that the rockets send out to space are just as significant for the enterprise as the launches. Starlink is SpaceX’s respond to to offering worldwide, higher-pace web coverage utilizing a community of countless numbers of satellites buzzing all-around […]
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Musk is ‘changing the way we feel about risk’: Satellite incumbent ideas fightback from Starlink
PARIS — Eutelsat is one of the biggest satellite providers in the environment, but has confronted declining earnings in its traditional corporations at a time when it is managing a big acquisition and facing disruption from billionaires Elon Musk and Jeff Bezos. Eutelsat CEO Eva Berneke is betting on that enormous acquisition of a British […]
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Two European satellite companies are combining in a $3.4 billion deal to rival Elon Musk’s SpaceX
OneWeb, which emerged from bankruptcy in 2020, is hoping the combination with Eutelsat will help turn its fortunes around. Jody Amiet | AFP via Getty Images U.K. satellite operator OneWeb plans to join forces with European rival Eutelsat in a deal the two companies hope will help them take on Elon Musk’s SpaceX. Eutelsat will […]
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