A floor community of satellites on the headquarters of Eutelsat Madeira Unipessoal Lda in Canial, Madeira, Portugal, on Saturday, March 8, 2025.
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Eutelsat shares popped on Friday morning, after the European satellite tv for pc operator introduced a 1.35 billion euro ($1.55 billion) capital increase backed by the French state and different traders.
The corporate’s inventory was up 14% at 09:17 a.m. London time.
The corporate stated that, together with a debt refinancing plan, the capital improve would help its funding in its current Low Earth Orbit (LEO) capabilities, that are centered on business-to-business and business-to-government operations.
Eutelsat shares have been massively risky this yr, experiencing an infinite spike in March on expectations that it might be a European various to Elon Musk’s Starlink, and subsequently cooling.
“As the one European operator with a totally operational LEO community, Eutelsat is positioned to play a strategic function in supporting crucial sectors akin to army communications, cyber-resilience, and safe authorities connectivity, absolutely aligned with European Union and NATO targets for strategic autonomy,” it stated within the launch.
Different traders, together with the U.Okay., “might be part of the capital increase sooner or later,” it added.
Writing on X, French President Emmanuel Macron stated that by strengthening Eutelsat’s place France was “guaranteeing its strategic independence and paving the best way for Europe’s” and famous he would focus on the choice on the Paris Air Present on Friday.
Eutelsat share value.
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