Amid US-Ukraine tensions, Starlink’s European rival sees shares soar 500%

Shares of French satellite operator Eutelsat have surged more than 500 per cent in the past week. This comes amid tensions between the United States and Ukraine, following a confrontation in the Oval Office between Presidents Donald Trump and Volodymyr Zelenskyy last month. As European nations begin to look for alternatives to US and American firms, speculation that Eutelsat could play a crucial role in providing satellite internet services to Ukraine have driven investor optimism.