Eutelsat shares climbed 25% in a week after Ukraine criticised sudden restrictions on SpaceX's Starshield service, prompting investors to see the European firm as a sovereign alternative.
01Summary
- 01Eutelsat shares rose 19% on Friday and 25% over five days after Ukraine said Starshield access was restricted without warning.
- 02Ukraine's President Zelenskyy said curbs on Starlink prevented drone interceptors, contributing to civilian deaths.
- 03Elon Musk blamed the U.S. government and said Starshield is under Washington's control.
- 04Deutsche Bank analysts said the move supports 'the sovereign value of European satellite networks' but noted Eutelsat lacks Starlink's scale.
- 05Eutelsat has over 600 satellites; Starlink has more than 6,750, according to company websites.
02Why it matters
This matters because European governments and businesses may now reassess reliance on U.S.-controlled satellite systems, boosting demand for home-grown alternatives like Eutelsat amid geopolitical tensions.
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