The satellite network is at the Eutelsat Madeira Unipesoal LDA headquarters in the channel, Madeira, Portugal, on Saturday, March 8, 2025.
Bloomberg Bloomberg Gety pictures
Eutelsat The stocks emerged on Friday morning, after the European satellite player Declare Capital increased 1.35 billion euros ($ 1.55 billion) backed by the French state and other investors.
The company’s shares rose by 14 % at 09:17 am London time.
The company said that in addition to the debt -financing plan, the increase in capital will support its investments in its low -Earth orbit (Leo), which focuses on commercial and commercial operations.
Eutelsat shares were largely volatile this year, as it witnessed a huge rise in March due to expectations that it would be a European alternative to Elon Musk’s Starlink, then cooling.
“As the only European operator who has a fully operational LEO network, Eutelsat is to set a strategic role in supporting critical sectors such as military communications, cyber sciences and safe government communication, and it is completely compatible with the goals of the European Union and NATO goals for strategic independence,” she said in the version.
He added that other investors, including the United Kingdom, “can join the capital increase in time.”
When writing on X, French President Emmanuel Macron said that by strengthening Eutelsat’s position, France was “ensuring its strategic independence and paved the way for Europe” and indicated that the decision will be discussed at the Paris Air Show on Friday.
Eutelsat share price.
This is an urgent news story and will be updated soon.
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2025-06-20 08:19:00
