Eutelsat’s stock has skyrocketed over 500% this week, adding more than $3 billion in market capitalization due to heightened expectations for EU defense initiatives. The surge was influenced by geopolitical tensions following a disagreement between Ukrainian President Zelenskyy and former President Trump regarding military aid, alongside the EU’s proposal to invest €800 billion ($861 billion) in defense programs. A spokesperson for Eutelsat stated that the company is “actively collaborating with European institutions” to enhance satellite communication capabilities, particularly in light of uncertainties surrounding Starlink’s support for Ukraine.
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