
Eutelsat rides French government support to 22% gains as Starlink rival gets $1.56 billion boost
France backed a $1.56 billion capital raise to support Eutelsat, a Starlink rival, with debt refinancing and investment in its existing Low Earth Orbit (LEO) capabilities. Eutelsat’s stock rallied by 29% at 12.25 p.m. CEST. The French government will now …