Why European Starlink rival rockets of rival Eultsat are rockets

French satellite operator shares Utalsat Around 390% of the sky was touched last week – and a possible change of deal in European defense is helping rally.

The firm’s share price was seen last week wildly unstable tricks, which up to 77% on Tuesday and up to 120% on Wednesday. From its closing price on 28 February to last Friday’s closure, the stocks have increased by 387%.

Jumping more than 22% in Paris till 1:00 pm, the shares of YouTelsat continued to climb on Monday.

What is behind the huge share price profit of Eultsat? CNBC runs you through all the you want to know.

Eultsat is a French company that produces satellites for data connectivity. Business sends its satellites into space using rockets from the choice of SpaceX of Elon Musk, deploying them in both of the Low Earth Orbit (LEO) and Gectitical Class (GEO).

After a deal to combine its operations with the British satellite firm Onewab in 2023, YouTelsat became the world’s third largest satellite operator in terms of revenue. It competes with the Starlink Satellite Internet enterprise of SpaceX’s subsidiary Musk.

Last week, reports suggested that YouTelsat was in a potentially provoking Ukraine to replace Musk’s Starlink. Over the years, Starlink has offered its internet services to Ukraine’s military satellite to assist in an attempt to an attempt to warmate Russia.

However, relations between the US and Ukraine have recently sourced President Donald Trump after the election. The Musk serves as the head of the government’s new institute department of efficiency, which is an advisory body assisting the administration.

Last week, Trump stopped all military aid in Ukraine after a conflict with the country’s President Volodimier Zelanski. Trump confronts the conversation with Moscow after re -opening the US policy over Ukraine and Russia.

In February, reports stated that American negotiaters had increased the possibility of Ukraine cutting the reach of Ukraine, if the two countries are not able to successfully interact for the US to secure access to Ukraine’s rare earth minerals.

On March 4, YouTelsat stated that it was interacting with the European Union to supply additional internet access to Ukraine.

The French company’s shares had already begun the first day, on the back of speculation that can serve as a replacement for the Starlink in Ukraine if interaction with US fractures further.

For now, this is not completely clear. The company is discussing the expansion of its services in Ukraine with the European Union.

EUTSELSALs have a measure of providing additional assistance to Ukraine in case of satellite-based connectivity. The firm says that in addition to the Leo Nakshatra of more than 600 satellites, there is a fleet of 35 Jio satellites.

Over the weekend, Musk and US Secretary State Marco Rubio had a spat with the Foreign Minister of Poland on X, the social media platform was formerly known as Twitter, which owns Musk.

Tech billionaire said that if he would fall Ukraine’s “entire front line” to shut down the Starlink.

In response, Polish External Affairs Minister Radoslav Sikorky said that his country pays a starlink for services in Ukraine, which Warsaw has supported in his fight against Moscow’s invasion since 2022. Sikorski said that Poland may have to find alternative suppliers if Starlink proves to be an “incredible provider”.

Rubio disputes Sikorsky’s claims, saying, “No one has threatened Ukraine to cut off from Starlink” and urged gratitude – while Musk called the Polish politician a “small man”.

On Monday, Polish Prime Minister Donald Tusks defended his foreign minister, saying that Sikorski “peacefully” explained the Polish Rise D’Tat to other country officials. “