Eutelsat: A Possible Alternative to Starlink in Ukraine?
Restrictions imposed in Ukraine on some of SpaceX's military services have redirected investor attention toward European satellite operators. Eutelsat, owner of the OneWeb constellation, is among the candidates cited as an alternative solution to Starlink.
A White House Decision at the Origin of the Restrictions
According to Reuters, which relies on several officials familiar with the matter, the limitation of Starshield would stem from a White House decision. This political dimension lends weight to the thesis of European autonomy in satellite communications. The episode also brings to the forefront the question of sovereignty and diversification of these infrastructures, on which Eutelsat is positioned with OneWeb.
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Jean-François Fallacher, chief executive officer of Eutelsat, had indicated in March that the group's capacities in Ukraine were already fully commercialized. An immediate replacement of SpaceX's services by OneWeb is therefore limited. No new contract related to the Ukrainian matter has been announced, and the hypothesis of a benefit for the group remains speculative at this stage. The stock remains highly volatile.
SectorTélécommunications›Satellite et connectivité
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Context
Period
Period: T4 2026
Key reported figures
Revenue: 351,3 millions d'euros
Quarterly revenue: 351,3 millions d'euros
Revenue growth: 4,1 %
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