Eutelsat shares jump 25% as Ukraine flags Starlink limits

Eutelsat stock surged 25% this week after Ukraine said SpaceX restricted its military-grade Starlink service, with investors betting European satellite operators could benefit. The shares hit their strongest single-session gain in 16 months on Wednesday. Ukrainian President Volodymyr Zelenskyy said Starlink was switched off, allowing some Russian attacks to go unintercepted by drones and raising civilian casualties. Deutsche Bank analysts called Eutelsat a credible Starlink alternative, though they noted it cannot match Starlink's terminal volume. Experts caution OneWeb cannot serve as a direct substitute due to infrastructure and terminal compatibility issues. SpaceX CEO Elon Musk said the U.S. government controls Starshield, while Ukraine reported terminals over 160 km/h stopped working without warning, with service partially restored Wednesday.