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Eutelsat Shares Rise on Starlink Limits

Eutelsat shares jumped after Ukraine reported restrictions on SpaceX Starlink military service. Investors bet European providers could gain from US-Ukraine strains.

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FILE PHOTO: A Ukrainian serviceman of 47th brigade prepares a Starlink satellite internet systems at his positions at a front line, REUTERS/Inna Varenytsia/File Photo

EUTELSAT COMMUNICATIONS shares jumped 13.1% on Wednesday after Ukraine flagged new restrictions on SpaceX's military-grade service. The rally highlights investor expectations that European operators could absorb demand amid strains with the United States.
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