Eutelsat “racing” to find extra cash
June 11, 2025

Eutelsat’s new CEO, Jean-François Fallacher, is “racing” to secure fresh funding in order to save OneWeb according to Bloomberg.
The constellation of low-Earth orbit (LEO) satellites is seeking to challenge Elon Musk’s Starlink and the upcoming Jeff Bezos-backed Project Kuiper LEO system.
The industry expects Fallacher to be successful. “After all, why would he have taken on the job?,” asked one observer. His former employer, telco Orange, is already helping by increasing its guaranteed contracts with Eutelsat for OneWeb capacity.
But fresh incoming cash is likely to diminish Eutelsat’s existing key shareholders in the form of the UK government (and its ‘golden share’) as well as Bharti Group. South Korea’s Hanwha has already voted with its feet and said it will sell off its stake. Indeed, it is France Telecom/Orange which is more often mentioned as being the provider of the cash.
Bloomberg adds that Eutelsat has also been in talks with the French government, investor Fonds Strategique de Participations, shipping company CMA CGM and the UK government about participating in the fundraising.
The report suggests that the minimum amount needed by Eutelsat is €1.5 billion, a huge sum when Eutelsat’s overall market capitalisation is currently around €1.2 billion. Eutelsat’s share price is just €2.53, down dramatically on the €9.30 back in March. But there could be further falls ahead. Analysts at investment bank BNP-Paribas has a price target for Eutelsat of just €1.
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