Eutelsat Shares Surge on Major Airbus Satellite Contract

Shares in French satellite operator Eutelsat soared by nearly 10% in a single trading session. The catalyst was a significant expansion of its partnership with Airbus, securing an order for an additional 340 satellites destined for the OneWeb constellation. This move solidifies the company’s position as Europe’s primary contender against SpaceX’s Starlink in the low-Earth orbit (LEO) broadband arena.

The new agreement with Airbus Defence and Space, to be executed at the Toulouse facility, brings Eutelsat’s total commitment to 440 next-generation satellites. This figure includes an initial batch of 100 units ordered in December 2024. The total investment for this fleet is projected to reach between €2.0 and €2.2 billion, with expenditures spread through Read more...