Eutelsat’s Great Bailout Spectacle:
Bpifrance just couldn’t wait to wave goodbye to Eutelsat. I mean, who wouldn’t grab a neat €4-a-share payday the instant things start looking iffy? If they’d really thought OneWeb’s LEO satellites were destined to topple Starlink, they’d have been throwing more cash at the problem, not slipping out the back door. But nope, 13.6 percent of Eutelsat? Sold. Pocketed. Ciao.
Why We’re Feeding a Strategic Zombie
Imagine this: a satellite operator drowning in more than €3 billion of debt, its OneWeb merger guzzling cash like a busted fire hydrant, and retail investors looking the other way in polite disdain. Yet here we are, French state ready to toss another €1.35 billion into the abyss, all because Europe insists on pinning its space-sovereignty hopes on a company that seems one hiccup from a meltdown.
