President Emmanuel Macron has urged other countries and companies to invest, framing the decision as a matter of European sovereignty. Other investors are Indian billionaire Sunil Mittal’s Bharti Space, shipping group CMA CGM, and Fonds Strategique de Participations, a French insurer-backed investment fund. Eutelsat’s stock has rebounded from all-time lows on talks with the European Union to potentially replace Starlink in Ukraine. Germany already pays for Ukraine’s access to Eutelsat and Eutelsat has delivered thousands of user terminals to Kyiv. Eutelsat acquired OneWeb in 2023 to capitalise on growing demand for satellite internet.