Shareholders in Paris-based Eutelsat again saw a successful rise in the satellite operator’s value, rising 82 per cent in value to €3.66 per share. Indeed, at one point shares hit €4.49 before some investors took their profits.

Either way, the numbers are considerably better than the €1.15 of a few weeks ago. Eutelsat’s stock has tripled in value in just two trading days.

An indication of the transactions is that 12.87 million shares changed hands when Eutelsat’s normal daily trading is some 540,000.

Much depends on the European Union’s plans to tap into Eutelsat’s OneWeb division as an alternate European source of fast broadband and to replace Elon Musk’s Starlink. OneWeb has more than 650 active satellites circling the planet, and ready for use.

Meanwhile, Luxembourg-based SES has also enjoyed a positive ride. March 4th saw SES shares rise 14 per cent to €5.25, and an uplift of 31.25 percent over the past five days (and 61 per cent over the past month). SES has its own fleet of Mid-Earth satellites (O3b mPOWER) but spare capacity on the fleet is limited.

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Categories: Blogs, Business, Inside Satellite, Satellite

Tags: eutelsat, OneWeb