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Eutelsat Raises $1.5 Billion, Bolstered by French Government Investment, to Rival SpaceX's Starlink
5 day ago /
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Author：小编
Eutelsat has successfully secured €1.35 billion in funding, spearheaded by the French government with contributions from various investors. This influx of capital will be strategically allocated towards expanding its satellite fleet and developing innovative services aimed at competing with Elon Musk's Starlink. Notably, the French government has invested €717 million, elevating its stake to nearly 30%, and positioning Eutelsat as a pivotal asset in countering Starlink and safeguarding European strategic autonomy.
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