Eutelsat

French satellite operator Eutelsat’s shares dropped 7.8% after SoftBank halved its stake, selling 26 million shares. The move follows SoftBank’s shift toward AI investments. Eutelsat, which merged with OneWeb to rival Starlink, operates 600+ satellites versus Starlink’s 6,750, and has struggled in the U.S. market. A €1.35 billion French‑state injection makes the government its largest shareholder. The firm now targets high‑value B2B services—government, aviation, emergency and maritime—seeking stable cash flow amid European digital‑sovereignty support.