- The United States’ tense relationship with Ukraine is strengthening the European satellite company Eutelsat.
- The price of its share has increased amid fears that Ukraine may face disturbances to reach Starlink.
- There is no clear sign of this yet, but Eutelsat has said he was holding talks with the European Union.
The shares of the French satellite Eutelsat increased amid fears that Ukraine’s arrival to Starlink may be at a threat.
Eutelsat shares on the Paris Stock Exchange increased by 68 % on Monday before they jumped 123 % the next morning to $ 4.77.
By Wednesday in the market, the stock reached $ 8.34 – with 533 % from the beginning of the week. With this increase, the company value is $ 4.02 billion.
The jump comes at a time when the United States suspended aid to Ukraine on Monday, prompting fears of capabilities such as advanced American air defenses and accessing the Internet in the battlefield.
Starlink, owned by Elon Musk’s Spacex, was a vital provider of the Internet in the Ukraine Army, and the loss of its services will be a severe blow to Kiev’s communications and drones.
This is the key for Eutelsat, which merged with the Starlink competitor in the United Kingdom, OneWeb, in 2023.
The satellite company has become in the foreground where European leaders say they are strengthening defensive spending while arousing the possibility that it will seek to fill any gaps in accessing the Internet in Ukraine.
With the rise in the price of his share, the company’s spokesman told Reuters that it was discussing with the European Union how it could contribute to accessing the Internet in Ukraine.
In a statement to Business Insider, an Eutelsat spokesman said that the company “provides the same capabilities as Starlink in terms of coverage and cumin” in Europe.
“We are actively cooperating with European institutions and business partners to enable the rapid publication of the additional user stations for critical tasks and infrastructure,” the spokesman said.
Despite the jump this week, Eutelstat shares are still much lower than their previous levels. His shares amounted to about $ 33 in mid -2015 and steadily decreased in the past decade.
The company has suffered from its ancient operations, which relied heavily on satellites in the orbit of the upper Earth, increasingly due to the increasing popularity of low orbit satellites such as Starlink.
However, the last Eutelsat integration with OneWeb now gives it a constellation of satellite to the low -Earth orbit to compete with it.
There is no official mark after Starlink disappears
Meanwhile, it is not clear whether Starlink in Ukraine is at risk.
Musk, a close ally of President Donald Trump, denied a Reuters report in late February and said that US officials discussed Starlink’s cut from Kiev if a metal deal with Washington refused.
While the United States is partially paying Starlink subscription in Ukraine, European countries also finance many stations. Poland, who is paying about half of Starlink stations in Ukraine, said it will continue to finance it.
Through oneweb, Eutelsat already provides some satellite services for Ukraine’s governments and institutions, but it only has about ten Starlinks. Its constellation contains less than 700 satellites, while Starlink exceeds more than 7000.
The European company runs 35 geographic satellites, which rotate to 21,000 miles above Earth, and about 630 satellites are low -Earth orbit, which rotate in about 750 miles above Earth.
While internet stations usually depend on the satellites of the low -Earth’s orbit because they are closer to the surface of the Earth, the Eutelsat Bi spokesman told the 35 geographic satellite can also help enhance the ability of the Internet in Ukraine.
On Sunday, European Commission spokesman Thomas Regneene told reporters that regional leaders were considering giving Ukraine to reach Govsatcom as an alternative.
The system is a joint network of satellite that is already owned by European member states.
Eye -arrows are also enhanced by Eutelsat European defense manufacturing shares rose Because of the recent pressure on American relations with its traditional allies and Ukraine.
Ursula von der Lin, President of the European Commission, announced on Tuesday that European leaders will pay to allocate 800 billion euros, or about 840 billion dollars, for their collective spending collectively.
March 5, 2025: This story was updated to reflect a comment from Eutelsat and the company’s share price on Wednesday.
