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Eying a Starlink Alternative, France to Boost Eutelsat Stake

Eutelsat announced on June 19, 2025, that the French state will become its largest shareholder through a 1.35 billion-euro capital increase.
The capital increase involves the French state purchasing shares from Bpifrance to strengthen Eutelsat's position amid competition from Elon Musk's Starlink.
Alongside increasing its stake from 13% to nearly 30%, France signed a 10-year billion-euro military contract for priority OneWeb LEO satellite access.
Finance Minister Eric Lombard highlighted that satellite connectivity is crucial to ensuring France's technological independence, describing the capital increase as a key move in advancing the country's strategic objectives.
This investment aims to renew Eutelsat's satellite fleet, enhance its strategic role for Europe, and reduce dependency on non-European satellite providers like Starlink.

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Defense News

Center

Eying a Starlink alternative, France to boost Eutelsat stake

The French government announced a 10-year framework contract with Eutelsat worth as much as €1 billion to provide military-grade satellite communications.

5 days ago·United States

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EURACTIV

Lean Left

France fires €700 million into space player Eutelsat as Starlink alternative

The global race for access to satellite communication systems is heating up.

5 days ago·Brussels, Belgium

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thepress.net

Center

Starlink rival Eutelsat pops 19% as France backs capital raise

French President Emmanuel Macron said strengthening Eutelsat's position was "ensuring its strategic independence and paving the way for Europe's."

5 days ago

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CNBC

Center

Starlink rival Eutelsat pops 22% as France backs capital raise

French President Emmanuel Macron said strengthening Eutelsat's position was "ensuring its strategic independence and paving the way for Europe's."

5 days ago·United States

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The Local - Fr

Lean Left

France finds cash for ‘strategic asset’ satellite firm Eutelsat

France has made a new bet on tech sovereignty by announcing a major investment in Eutelsat, part of a wider capital increase announced by the Starlink competitor and President Emmanuel Macron’s office.

5 days ago·France

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Sapo

Lean Right

The Starlink European Rival with Operation in Madeira Seeks Funding to Keep the Tone

Eutelsat needs to raise capital to maintain the satellite constellation that he acquired in 2023. The company operates the Canicial port and is one of the largest exporters of country services.

5 days ago·Portugal

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