Eutelsat Soars 550% in Three Days on EU Defense Plans
Eutelsat stock has surged over 500% this week, adding more than $3B in market cap, driven by expectations of increased usage and a priority on EU defense.
Friday’s dust-up with Zelenskyy and Trump in the Oval Office set the stock in motion. Trump’s subsequent freeze of military aid to Ukraine, prospects of the EU ramping up defense funding, and the bloc weaning off Starlink then added fuel to the fire.
“We are actively collaborating with European institutions and business partners to enable the swift deployment of additional user terminals for critical missions and infrastructure,” a Eutelsat spokesperson told Payload in a statement.
The company also pointed out that its 630-satellite strong OneWeb LEO service already supports comms in Ukraine.