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TL;DR

France just handed Eutelsat a €1 billion, 10-year military contract for LEO satellite services, giving the company a crucial lifeline for its cash-burning OneWeb strategy.

This move is part of France’s sovereign comms push (NEXUS), sidestepping delays in the EU’s IRIS² project. The deal landed right before Eutelsat’s €1.35 b capital raise, mostly state-backed, boosting confidence, share price, and political ownership. It’s a bailout in uniform.

French Military Throws €1 Billion at Eutelsat

When a satellite company says “we’re excited about the future,” you nod politely and wonder how big the funding hole must be. But when Eutelsat, freshly CEO’d by Jean-François Fallacher, suddenly bags a €1 billion military contract, you start to realize: this is a national security makeover with taxpayer glitter.

Let’s recap.

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