Shares of French satellite company Eutelsat surged 16.5% following criticism of SpaceX's Starlink system, which Ukraine relies on for defense against Russian attacks. Ukrainian officials and President Zelenskyy accused SpaceX of restricting military-grade Starlink internet access without warning, hampering Ukraine's ability to defend itself. Elon Musk blamed the U.S. government for the limitations. Eutelsat, seen as a European alternative to Starlink, gained investor interest amid concerns over Starlink's reliability, though it currently operates fewer satellites than Starlink. The situation highlights the strategic importance of sovereign satellite networks amid ongoing conflict in Ukraine.
The story about Europe's satellite company Eutelsat comes with this Pluang market snapshot for technology stocks as of Oct 16, 2026 18:51 WIB: Out of 150 priced US technology stocks, 76 rose and 68 fell. Infosys Limited traded at USD 12.42 with a 1-day change of +2.39%, while Micron Technology, Inc. was priced at USD 912.48, down 2.01%.
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