France is betting Eutelsat can become Europe's answer to Starlink — but experts aren't convinced
Publishing timestamp: 2025-06-29 06:08:36
Summary
France's Eutelsat receives significant investment from French state to become a European challenger to Elon Musk's Starlink, but experts doubt its ability to compete on the same level. Eutelsat faces challenges in increasing its satellite constellation to match Starlink's, but is seen as well positioned in European-sovereign, security-sensitive, and enterprise segments. France's investment in Eutelsat is seen as a strategic move in the EU's push for technological sovereignty.
Sentiment: MIXED
Tickers: CSCO, ORA-FR, ETL-FR,
Keywords: elon musk, eutelsat communications sa, orange sa, technology, cisco systems inc, space industry, breaking news: technology, airbus se, thales sa, donald trump, business news, donald j. trump,
Source: https://www.cnbc.com/2025/06/29/eutelsat-europe-starlink.html