Eutelsat Communications SA stock rose +4.2% to €2.97, with intraday gains reaching 9% as investors bought shares in the leading LEO satellite operator ahead of the SpaceX IPO.
SpaceX is expected to file its prospectus by May 20, start marketing June 4, price June 11, and list June 12, 2026.
Eutelsat's own performance improved: Q3 connectivity revenue grew 15%, LEO solutions up 65% YoY. The company completed a €1.5 billion senior note offering, finalizing a €5 billion refinancing.
In January, Eutelsat signed a deal with Airbus for 340 OneWeb LEO satellites. Year-to-date 2026, Eutelsat stock is up 75%, far exceeding the European telecom sector's 25% gain.
The French CAC 40 is only up 1.2% YTD. SpaceX's IPO is making LEO satellite stocks a focal sector, with SES and Viasat also gaining attention.
Eutelsat's unique position as one of two fully operational LEO networks globally and the only European operator is critical for meeting growing connectivity demand.
