2 days ago
Eutelsat CEO Races to Raise Funds to Keep Starlink Rival Afloat
Europe's only Starlink alternative has to get cash fast to have any hope of challenging Elon Musk's provider of satellite-based internet services.
Jean-François Fallacher, who took over as chief executive officer of Eutelsat Communications SA last week, is scrambling to get funds to save OneWeb, the constellation of low-Earth orbit (LEO) satellites that Eutelsat, based in a suburb of Paris, acquired in a $3.4 billion deal in 2023.
