zaxvenz@lemm.ee to

Europe@feddit.orgEnglish · 1 month ago

A European Starlink rival's shares skyrocketed 390% in a week — here's why

cross-posted to:
technology@lemmy.world

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A European Starlink rival's shares skyrocketed 390% in a week — here's why

zaxvenz@lemm.ee to

Europe@feddit.orgEnglish · 1 month ago

cross-posted to:
technology@lemmy.world

Shares of French satellite operator Eutelsat gained over 550% in a three-day rally last week.

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Key points:

Shares of French satellite operator Eutelsat skyrocketed almost 390% last week.

Eutelsat shares continued to climb Monday, jumping more than 22%.

The gains follows speculation that Eutelsat could replace Elon Musk’s Starlink in Ukraine.

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