European Satellite Stocks Rally on Starshield Limits
Shares of European satellite operators Eutelsat and SES surged following reports of White House service limits on SpaceX Starshield in Ukraine. The development renewed investor confidence in European alternatives like OneWeb as governments seek tech independence.
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Shares in EUTELSAT COMMUNICATIONS surged 20% on Friday morning, capping a 31% weekly gain as Ukraine faced operational limits on alternative satellite networks. The rally highlights a broader reassessment of space infrastructure as governments seek alternatives to United States technology. Investors are rotating back into European operators following months of heavy selling tied to competitive pressures from SpaceX.
