Government bankrolls €1.35 billion raise to counter Starlink
The French government is set to nearly triple its stake in satellite operator Eutelsat to approximately 30 percent through a €1.35 billion capital injection, strengthening Europe’s sovereign satellite capacity and backing the expansion of its OneWeb low‑Earth orbit constellation to challenge U.S. systems like Starlink while reducing Eutelsat’s heavy debt burden and reinforcing digital independence.