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Company Overview: Eutelsat Group (formed through the merger of Eutelsat Communications and OneWeb in 2023) is a global satellite operator headquartered in Paris, France, that combines Eutelsat’s long-standing geostationary (GEO) satellite fleet with OneWeb’s rapidly expanding low Earth orbit (LEO) constellation. This GEO + LEO integration positions the company as a hybrid, multi-orbit provider capable of offering both wide-area broadcast services and low-latency broadband connectivity. Eutelsat has decades of experience in broadcasting, video distribution, and data connectivity for governments, enterprises, and telecom operators, while OneWeb brings a network of over 600 LEO satellites designed to deliver high-speed, low-latency internet access to underserved regions, mobility markets, and enterprise customers. Together, the merged entity aims to serve global broadband, government, aviation, maritime, and enterprise markets, competing directly with players like SpaceX’s Starlink, Amazon’s Project Kuiper, SES, and Viasat. With its combined infrastructure and spectrum assets, Eutelsat Group is positioning itself as a key global competitor in the rapidly evolving satellite communications industry.

Leadership

Jean-Francois Fallacher - Chief Executive Officer
Christophe Caudrelier - Chief Financial Officer

Services

  • Eutelsat ADVANCE Government: a secure, managed satellite communications service that provides reliable, high-performance connectivity for government and defense users, supporting mission-critical operations across land, air, and sea with global coverage and flexible service options.
  • Eutelsat Quantum: a software-defined, reprogrammable satellite that allows coverage, capacity, frequency, and power to be adjusted in orbit, enabling highly flexible and responsive communications for government, defense, and commercial users.
  • Eutelsat Welfare Solution:  a satellite connectivity service for seafarer welfare, providing crew members with reliable internet access for communication, wellbeing, and morale while at sea.

Leadership

Services

Contract Articles

Eutelsat signs multi-launch contract with startup MaiaSpace for OneWeb launches starting in 2027
Eutelsat signs multi-launch contract with startup MaiaSpace for OneWeb launches starting in 2027
  • Eutelsat contracted MaiaSpace for multiple launches of OneWeb satellites starting in 2027, targeting a 1,200-km orbit.
  • Eutelsat ordered 440 OneWeb Gen 1 replacement satellites from Airbus, with first batches ready by late 2026.
  • MaiaSpace's two-stage rocket can launch 1,500 kg to low-Earth orbit, or 4,000 kg with a kick stage.
France's Macron urges faster military space development; CNES faces budget challenge; BalMan HAPS flight ends in explosion
  • JEWEL program includes 1-2 geostationary satellites from France and Germany, launching around 2030.
  • Iris2 multi-orbit constellation to start launches in 2030, utilizing military-Ka-band spectrum.
  • Yoda demonstrators face delays; potential launch in 2028 due to Ariane 6 availability issues.
Eutelsat continues $2.56-billion OneWeb refurbishment with 340-satellite order to Airbus; first launches in 2026
  • Eutelsat ordered 340 OneWeb Gen 1 satellites from Airbus, with launches starting in 2026 to replace older spacecraft.
  • OneWeb's constellation consists of approximately 640 satellites operating at 1,200 kilometers altitude, with 44 gateway stations expected operational by 2026.
  • Eutelsat's ground network sale-and-leaseback agreement involves 1,400 antennas across 100+ locations, with expected proceeds of 500 million euros.
Eutelsat sees 29% revenue jump by 2029 with 60% EBITDA, but only after a bond issue, refinanced bank debt & an ECA package
  • Eutelsat plans to grow revenue to 1.6 billion euros by 2029, driven by OneWeb LEO constellation demand.
  • Eutelsat has 100 OneWeb Gen 1 replacements on order with Airbus Defence and Space, with 340 more to follow.
  • Iris2 multi-orbit constellation investment estimated at 2 billion euros, with detailed plans submitted to the European Commission.
Here's how the French government explains its decision to become Eutelsat's largest shareholder
  • Eutelsat's OneWeb constellation consists of 640 satellites, with 44 gateway Earth stations expected to be completed by end of 2026.
  • French Defense Ministry signed a 10-year, 1-billion-euro contract for OneWeb capacity and military modifications to the constellation.
  • Eutelsat plans to refresh its OneWeb system with 340 additional satellites, estimating total capex at 4.2 billion euros.

News

Arianespace: 7-8 Ariane 6 missions in 2026, including 2-3 Amazon Leo launches starting in February
Arianespace: 7-8 Ariane 6 missions in 2026, including 2-3 Amazon Leo launches starting in February
  • Arianespace plans 7-8 Ariane 6 flights in 2026, including 2-3 Amazon Leo launches using the Ariane 64 variant.
  • Arianespace is under contract for 18 Ariane 6 launches for Amazon Leo, with the first on February 12, 2026.
  • Iris2 constellation requires 10-15 Ariane 6 launches, with potential slots reserved for 2029 launches.
Eutelsat signs multi-launch contract with startup MaiaSpace for OneWeb launches starting in 2027
  • Eutelsat contracted MaiaSpace for multiple launches of OneWeb satellites starting in 2027, targeting a 1,200-km orbit.
  • Eutelsat ordered 440 OneWeb Gen 1 replacement satellites from Airbus, with first batches ready by late 2026.
  • MaiaSpace's two-stage rocket can launch 1,500 kg to low-Earth orbit, or 4,000 kg with a kick stage.
France's Macron urges faster military space development; CNES faces budget challenge; BalMan HAPS flight ends in explosion
  • JEWEL program includes 1-2 geostationary satellites from France and Germany, launching around 2030.
  • Iris2 multi-orbit constellation to start launches in 2030, utilizing military-Ka-band spectrum.
  • Yoda demonstrators face delays; potential launch in 2028 due to Ariane 6 availability issues.
It took Uganda just 24 hours to switch off illegal Starlink terminals; In Iran, 2+ years of effort have come to nothing
  • Starlink disabled all terminals in Uganda within 24 hours of UCC's notification on January 1, 2026.
  • Iran's efforts to disable Starlink terminals have spanned over two years with no success.
  • Starlink has previously disabled over 2,500 terminals operating illegally in various regions.
Eutelsat continues $2.56-billion OneWeb refurbishment with 340-satellite order to Airbus; first launches in 2026
  • Eutelsat ordered 340 OneWeb Gen 1 satellites from Airbus, with launches starting in 2026 to replace older spacecraft.
  • OneWeb's constellation consists of approximately 640 satellites operating at 1,200 kilometers altitude, with 44 gateway stations expected operational by 2026.
  • Eutelsat's ground network sale-and-leaseback agreement involves 1,400 antennas across 100+ locations, with expected proceeds of 500 million euros.
Eutelsat sees 29% revenue jump by 2029 with 60% EBITDA, but only after a bond issue, refinanced bank debt & an ECA package
  • Eutelsat plans to grow revenue to 1.6 billion euros by 2029, driven by OneWeb LEO constellation demand.
  • Eutelsat has 100 OneWeb Gen 1 replacements on order with Airbus Defence and Space, with 340 more to follow.
  • Iris2 multi-orbit constellation investment estimated at 2 billion euros, with detailed plans submitted to the European Commission.
Eutelsat CEO on German Iris2 duplicate, GEO for Ukraine, Elon Musk as OneWeb's 'best thing,' & the future need for Falcon 9
  • Eutelsat's Konnect VHTS satellite provides 500 Gbps capacity in GEO at 2.7 degrees east for Ukraine's broadband needs.
  • Eutelsat requires 44 gateway Earth stations for OneWeb global coverage, with three stations operational by late 2026 in Senegal, Tanzania, and Marshall Islands.
  • Eutelsat's 10-year, billion-euro contract with the French Defense Ministry includes OneWeb capacity, influencing other European defense agencies.
FCC still worried about EU Space Act's anti-competitive effects, but hopeful that dialogue will reach consensus
  • Iris2 is a multi-orbit secure connectivity network with a 12-year concession involving Eutelsat, SES, and Hispasat.
  • The EU Space Act could be adopted in 2027 and take effect in 2030, impacting global space operations.
  • The European Commission and ESA will invest 7 billion euros into Iris2, while SpaceRise members finance 4 billion euros.
Amazon Leo on how it'll work with AWS, says 2026 deployments with 'bigger, badder rockets' to assure 2026 service start
  • Amazon Leo plans to deploy 1,436 satellites by July 31, 2026, as part of a 2,232-satellite constellation.
  • Amazon Leo will utilize Ariane 64, New Glenn, and Vulcan Centaur rockets for increased launch cadence in 2026.
  • The network will feature 300 gateway Earth stations, primarily near AWS facilities, to reduce latency to approximately 10 milliseconds.
Spain's Indra Space, now owner of Hispasat and Hisdesat, positions itself to be Tier-1 European space company
  • Indra acquired Hispasat and Hisdesat for 725 million euros, aiming for 1 billion euros revenue by 2030.
  • Hispasat participates in the 11-billion-euro Iris2 multi-orbit secure communications network, focusing on low-LEO technology.
  • Startical project plans a 288-satellite constellation for air traffic management, with two demonstration satellites launched in 2025.
Here's how the French government explains its decision to become Eutelsat's largest shareholder
  • Eutelsat's OneWeb constellation consists of 640 satellites, with 44 gateway Earth stations expected to be completed by end of 2026.
  • French Defense Ministry signed a 10-year, 1-billion-euro contract for OneWeb capacity and military modifications to the constellation.
  • Eutelsat plans to refresh its OneWeb system with 340 additional satellites, estimating total capex at 4.2 billion euros.
Astroscale reports higher revenue, reduced operating loss, restates faith in commercial satellite life extension
  • Astroscale sold over 400 docking plates in FY 2026, including 100 to Airbus for OneWeb satellite refresh.
  • A debris-removal mission for an aging OneWeb satellite is scheduled for FY 2028 under ESA contract.
  • Astroscale's Lexi-P contract for GEO life-extension services remains under negotiation with an unnamed commercial operator.

Future Launches/Service Articles

Spain's Indra Space, now owner of Hispasat and Hisdesat, positions itself to be Tier-1 European space company
Spain's Indra Space, now owner of Hispasat and Hisdesat, positions itself to be Tier-1 European space company
  • Indra acquired Hispasat and Hisdesat for 725 million euros, aiming for 1 billion euros revenue by 2030.
  • Hispasat participates in the 11-billion-euro Iris2 multi-orbit secure communications network, focusing on low-LEO technology.
  • Startical project plans a 288-satellite constellation for air traffic management, with two demonstration satellites launched in 2025.
India's LVM3 rocket's 9th consecutive success, & 2nd launch in 52 days, places AST SpaceMobile BlueBird 6 into 520-km orbit
  • BlueBird 6 weighs 6,100 kg and carries a 223 square meter phased array antenna, the largest in low Earth orbit.
  • LVM3 rocket achieved 518.5 km orbit, within 1.5 km of target, marking its 9th consecutive successful launch.
  • AST SpaceMobile plans four more launches by March 2024, aiming for 45-60 BlueBird satellites in orbit by end of 2026.

Scheduled Launches

No Launches are currently scheduled
No Launches are currently scheduled

Previous Launches

No Previous Launches Found
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Financial Sumary

ETL chart by TradingView

Financial Summary

EUTELSAT COMMUNIC. (ETL.PA) 2025-06-30
T
Total Sales Revenue
1,243,700,000 (🟢+30,700,000)
Gross Profit Margin
80.56% (🔴-2.52 pp)
Operating Margin
-73.10% (🔴-57.33 pp)
Net Profit Margin
-86.99% (🔴-61.44 pp)
Earnings Per Share (EPS)
-1.78 (🔴-1.20)
Price-to-Earnings Ratio (P/E)
-1.24 (🔴+2.58)
Debt-to-Equity Ratio
1.22 (🔴+0.34)
Current Ratio
1.38 (🔴-0.35)
Free Cash Flow (FCE)
-5,600,000 (🔴-48,000,000)
Return on Equity (ROE)
-41.71% (🔴-33.66 pp)

Previous Financial Summary

EUTELSAT COMMUNIC. (ETL.PA) 2024-06-30
T
Total Sales Revenue
1,213,000,000
Gross Profit Margin
83.08%
Operating Margin
-15.78%
Net Profit Margin
-25.55%
Earnings Per Share (EPS)
-0.58
Price-to-Earnings Ratio (P/E)
-3.81
Debt-to-Equity Ratio
0.88
Current Ratio
1.73
Free Cash Flow (FCE)
42,400,000
Return on Equity (ROE)
-8.05%
EUTELSAT COMMUNIC. (ETL.PA) 2025-06-30
1,243,700,000
80.56%
-73.10%
-86.99%
-1.78
-1.24
1.22
1.38
-5,600,000
-41.71%
EUTELSAT COMMUNIC. (ETL.PA) 2024-06-30
1,213,000,000
83.08%
-15.78%
-25.55%
-0.58
-3.81
0.88
1.73
42,400,000
-8.05%
EUTELSAT COMMUNIC. (ETL.PA) 2023-06-30
1,131,300,000
90.87%
50.67%
27.84%
0.99
2.23
1.10
1.66
533,900,000
10.58%
EUTELSAT COMMUNIC. (ETL.PA) 2022-06-30
1,151,700,000
91.91%
36.89%
20.04%
0.78
2.82
1.25
1.05
623,700,000
8.31%
EUTELSAT COMMUNIC. (ETL.PA) 2021-06-30
nan
nan%
nan%
nan%
nan
nan
nan
nan
nan
nan%