ETL
📈 The markets, which boosted a nearly 300% increase in Eutelsat Communications shares this month, are now cautious about continuing this rally.
🚀 The initial surge was driven by indications of a geopolitical shift and Europe’s search for an alternative to Elon Musk’s Starlink.
💰 Operators are awaiting clarity on the financial support that the French satellite operator could receive from the European Union.
@bernardodegarcia:
“What to say? The markets that boosted a nearly 300% increase in shares of Eutelsat Communications this month are now showing caution when it comes to continuing this rally after more than 3 years of continuous decline. Because, well, because the company, maybe, I don’t know. The shares rose 550% in the first three days of March, driven by indications of a geopolitical shift and Europe’s search for an alternative to Elon Musk’s Starlink. And, of course, Eutelsat was there waiting for Europe to simply give it a chance, because it’s going to work. These gains are weakening, obviously, as operators await clarity on the financial support that the French satellite operator could actually receive from the European Union as the bloc increases allocations for defense. While Eutelsat should benefit from the developing geopolitical changes, in particular Europe’s search for a national satellite leader to replace Starlink, that additional assistance is crucial given that the company is investing money to compete with its rivals. No comments, directly.”
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