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TL;DR

Michael lampoons the perfunctory welcome from new CEO Fallacher and zeroes in on the €1.35 billion capital raise, €716 million at a 32 % premium and €634 million via rights, while noting the shift toward sovereign, government-backed contracts, LEO and IRIS² ambitions, a €1 billion French military framework deal and the distant 2029 growth targets.

The Eutelsat Group Journey Begins

Dear Jean-François,

Thanks for the warm welcome email, or rather, the broadcast via noreply@eutelsat.com, which, unsurprisingly, bounced when I tried to reply. But since we’re clearly in “dialogue mode,” here’s my response the old-fashioned…

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