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zaxvenz@lemm.ee to Europe@feddit.orgEnglish · 1 year ago

A European Starlink rival's shares skyrocketed 390% in a week — here's why

www.cnbc.com

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  • cross-posted to:
  • BuyFromEU@europe.pub
  • technology@lemmy.world
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A European Starlink rival's shares skyrocketed 390% in a week — here's why

www.cnbc.com

zaxvenz@lemm.ee to Europe@feddit.orgEnglish · 1 year ago
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  • cross-posted to:
  • BuyFromEU@europe.pub
  • technology@lemmy.world
Shares of French satellite operator Eutelsat gained over 550% in a three-day rally last week.
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  • wagesj45@fedia.io
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    1 year ago

    here’s why

    I can guess why.

    • ObsidianZed@lemmy.world
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      1 year ago

      “Here’s why”

      Gestures broadly

      • NatakuNox@lemmy.world
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        1 year ago

      • ILikeBoobies@lemmy.ca
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        1 year ago

        Speculation of them getting the Ukraine contract according to the article

        • SaveTheTuaHawk@lemmy.ca
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          1 year ago

          It’s more that Starlink is proven not secure and not to be trusted by any country.

        • lurch (he/him)@sh.itjust.works
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          1 year ago

          even if they don’t get it, space 5G is a big win either way. can’t do much wrong buying the super cheap stock. (i already sold half of what i bought tho. 100% profit was too good to hold on to all 😅)

  • zaxvenz@lemm.eeOP
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    1 year ago

    deleted by creator

    • LeFantome@programming.dev
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      1 year ago

      And a lot of other places

  • TheFeatureCreature@lemmy.ca
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    1 year ago

    Awesome news. I wish them the absolute best because nobody should have to rely on a fascist-owned network.

    • Empricorn@feddit.nl
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      1 year ago

      Certainly not an entire country’s army actively defending against a hostile foreign invasion.

      https://thehill.com/policy/defense/4193788-musk-acknowledges-he-turned-off-starlink-internet-access-last-year-during-ukraine-attack-on-russia-military/

  • jjpamsterdam@feddit.org
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    1 year ago

    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.

  • nutsack@lemmy.dbzer0.com
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    1 year ago

    congratulations i don’t think a European stock has ever done this

    • JasminIstMuede@lemmy.blahaj.zone
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      1 year ago

      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.

      • lurch (he/him)@sh.itjust.works
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        1 year ago

        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.

        • JasminIstMuede@lemmy.blahaj.zone
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          1 year ago

          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.

  • alberto1stone@feddit.org
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    1 year ago

    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.

    • LesserAbe@lemmy.world
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      1 year ago

      I think what has made starlink possible at all has been that musk also owns SpaceX so he can launch a shit ton of satellites. No other launch provider can match their cadence, so I’d guess that will be a limiting factor

      • MDCCCLV@lemmy.ca
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        1 year ago

        Oneweb is medium altitude unlike starlink which is low altitude, so you don’t need as many. It doesn’t have as much capability but it’s fine. But when starship is operational there will be plenty of capacity to launch a lot more sats and get more capacity.

  • suoko@feddit.it
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    1 year ago

    Smartphone to sat direct link: it’s there already

    https://www.vodafone.co.uk/newscentre/smart-living/everything-you-need-to-know-about/direct-to-smartphone-satellite-service-everything-you-need-to-know/

  • RedSnt ♾️🦋♂️👓🖥️@feddit.dk
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    1 year ago

    It really doesn’t take a genius to figure out why. And especially not on this sublemmy.

  • SaveTheTuaHawk@lemmy.ca
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    1 year ago

    Elon’s own goals started with a botched penis surgery and went downhill from there.

    • federal reverse@feddit.orgM
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      1 year ago

      dubious:

      as of this writing, Musk had never discussed getting a penile implant on X. Likewise, a Google search and Google News search returned no credible reports about the rumor (archived).

  • ssillyssadass@lemmy.world
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    1 year ago

    I wish I was smart enough to invest in them before the rise.

  • IninewCrow@lemmy.ca
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    1 year ago

    lol … Turnip and his cronies are probably jumping on the bandwagon … while also banking on the losses of Starlink

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