France Tightens Grip on Space: Inside the €1.35 Billion Eutelsat Power Play
France announced a €1.35 billion capital injection into Eutelsat in June 2025, raising its stake to 29.99% and making it the company’s largest shareholder. Eutelsat’s shares surged 28% on June 20 after the news. The recapitalization includes up to €2.2 billion in further funding for its LEO satellite fleet. France’s defense agency also signed a 10-year contract with Eutelsat worth up to €1 billion.