Eutelsat Backed By French Government In Capital Raise

eutelsat logo on corporate office
Credit: Eutelsat/Agence REA
LE BOURGET—French satellite service operator Eutelsat, whose OneWeb system competes with SpaceX’s Starlink, is raising €1.35 billion ($1.6 billion) with backing from the French government, which will become the largest shareholder in the business. France will own a 29.99% share in Eutelsat as a...
Robert Wall

Robert Wall is Executive Editor for Defense and Space. Based in London, he directs a team of military and space journalists across the U.S., Europe and Asia-Pacific.

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