Elsa

Eutelsat shares rose sharply after Ukraine signalled restrictions on Starlink's military-grade service, prompting expectations that Kyiv could shift more battlefield connectivity to European alternatives. Investors read the move as a potential opening for Eutelsat, which operates OneWeb satellite broadband and has been positioned as a European counterpart to Elon Musk's Starlink. The development highlights growing European efforts to reduce reliance on US-controlled satellite communications for defence purposes.

Elon Musk has again made changes affecting Ukraine's access to Starlink, prompting attention on the European satellite operator Eutelsat as a potential alternative. Commentators note that Eutelsat's shares or standing are rising as European officials and observers discuss reducing reliance on Musk's network for Ukraine's military and civilian connectivity, amid ongoing tensions involving Musk and Trump over Ukraine policy.