European satellite stocks rally as investors reassess Starlink rivals | live
By Gianluca Lo Nostro Oct 16 (Reuters) - Shares in European satellite operator Eutelsat surged on Friday, adding nearly a quarter in value this week as Ukraine faced speed limits on SpaceX's Starshield satellite system, which has renewed investor interest in European alternatives. Eutelsat shares were up 20% by 1202 GMT, bringing weekly gains to 31%. Paris-listed SES, another European satellite operator, also rose 7.1%.
By Gianluca Lo Nostro Oct 16 (Reuters) - Shares in European satellite operator Eutelsat surged on Friday, adding nearly a quarter in value this week as Ukraine faced speed limits on SpaceX's Starshield satellite system, which has renewed investor interest in European alternatives. Eutelsat shares were up 20% by 1202 GMT, bringing weekly gains to 31%. Paris-listed SES, another European satellite operator, also rose 7.1%.
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