- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
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here’s why
I can guess why.
Key points:
- Shares of French satellite operator Eutelsat skyrocketed almost 390% last week.
- Eutelsat shares continued to climb Monday, jumping more than 22%.
- The gains follows speculation that Eutelsat could replace Elon Musk’s Starlink in Ukraine.
And a lot of other places
Awesome news. I wish them the absolute best because nobody should have to rely on a fascist-owned network.
Certainly not an entire country’s army actively defending against a hostile foreign invasion.
Man, I remember using Eutelsat to send and receive E-Mails in Afghanistan in the early 2000s. Of course back then we needed a giant receiver in the back yard of the compound. It was slow as hell, incredibly expensive, but the only reliable way of getting an internet connection after the end of the (first) Taliban regime. The world really has changed so much in the last twenty years, unfortunately more for worse than for better in my opinion.
congratulations i don’t think a European stock has ever done this
Normally I associate such price swings with wild speculation and am genuinely surprised with this considering the generally more prevalent conservatism in European financial markets, but perhaps it’s true that the (time of reading) 550% jump in value is all accurate pricing in of future contracts at this point.
I’m definitely excited to see.
it was like 1.20€ per share, so investors don’t really had much to lose. that plays a big part IMO. if you’re only losing a few bucks worst case, the risk isn’t a problem.
While price does negatively (with few outliers) correlate with volatility in the stock market, this seems like more than that. 22M volume on the 5th is more than the stock has seen… ever, as far as I can see, with an overwhelming majority being held by insiders or institutions. The bet appears to be larger than a few bucks, from people who I presume expect big things.
I see this radical development of the share as an expression of great hope that Eutelsat will be able to replace Starlink and, if possible, in the short term. I wonder whether this is technically possible, e.g. due to the production and launch volume of satellites or the available bandwidths. Do any of you have figures to compare both companies.
Smartphone to sat direct link: it’s there already
It really doesn’t take a genius to figure out why. And especially not on this sublemmy.
Elon’s own goals started with a botched penis surgery and went downhill from there.
lol … Turnip and his cronies are probably jumping on the bandwagon … while also banking on the losses of Starlink
