Starlink rival Eutelsat OneWeb gains as investors bet it could benefit from geopolitical tensions
Shares surge 23% after Ukraine says SpaceX had restricted military-grade satellite services
Analysts say OneWeb cannot quickly replace Starlink despite investor optimism
I would really love to see them succeed in the long run, but the shares are going up and down based on these types of news.
They got a lot of government money (FR/UK) to make their infrastructure fit in the near future (2028). Trendwise that doesn’t convince people to buy and hold stocks.
Edit: even Eutelsat’s CEO said they aren’t ready to take over Ukraine’s operation, when Starlink deactivated the access some time ago. Their business is B2B sales and the hardware is quite big and bulky in comparison.
I would really love to see them succeed in the long run, but the shares are going up and down based on these types of news.
Shares going up and down are really just rich people gambling. Unfortunately, this kind of gambling isn’t nearly as well regulated as other forms of gambling, yet it has a real impact on entire societies rather than just the gamblers themselves and their family.
“Unfortunately, rich people aren’t nearly as well regulated as other people…”
Up and down like a trollercoaster?
badumm tss
Eutelsat is a purely speculative stock for trading. I bought shares many moons ago but so long as it’s not profitable, I avoid it for now.
Unfortunately they don’t seem to have b2c. I could use a good internet connection in the middle of freaking Deutschland.
Echt jetzt, faszinierend, dass ein kompletter Satellitenschwarm im Weltall irgendwie gescheiter ist als stinknormales Glasfaser. Aber gut: Solang die Regierung Internet daheim eh nur als Option sieht, braucht sie sich um eine Regulierung auch keine Sorgen machen.
Too bad their prices are sooo expensive for end users.
