Eutelsat soars on the stock market after announced Starlink restrictions in Ukraine
Published
Shares of the French group Eutelsat rose sharply on the Paris stock exchange, listed on Euronext. This rise follows a statement from Ukrainian authorities, according to which SpaceX's Starlink service, owned by Elon Musk's company, has imposed restrictions on certain offers of its service.
Eutelsat is a company specialising in satellite communications. It is known in France and Europe for its telecommunications satellites and for the OneWeb constellation, which provides satellite Internet connectivity. Starlink is the main competitor of these services. Investors therefore seem to be reacting to this news, which could benefit Eutelsat.
The information available at this stage does not make it possible to specify the exact scope of the restrictions or the services concerned. It is also not certain that these measures will last over time. Financial markets often react quickly to news of this kind, sometimes before all the details are known.
This situation shows the growing importance of satellites in communications, particularly in conflict zones. It also recalls the place French companies hold in this strategic sector. Future announcements from SpaceX or Eutelsat will help to better understand the real consequences of this affair.
Sources: Boursorama
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