Eutelsat CEO: US Demand Strong Despite SpaceX's Efforts to Limit European Rivals

Eutelsat's CEO stated that demand in the US remains strong despite SpaceX's attempts to restrict European competitors. The company emphasized that demand in the US market, particularly for satellite broadband services, has proven resilient against SpaceX's aggressive pricing and capacity strategies. The CEO noted that corporate and government clients in the US continue to show interest in Eutelsat's services, helping the company maintain its global competitiveness. Despite pressure from SpaceX's Starlink network on European-based satellite operators, Eutelsat has been able to preserve its market share through differentiated offerings. The company is focusing on growth opportunities in the US, highlighting reliability and coverage advantages in connectivity services. Eutelsat argues that the stable service quality provided by its geostationary satellites, compared to SpaceX's low Earth orbit (LEO) satellites, generates demand particularly in critical infrastructure and defense sectors. Analysts assess that Eutelsat's resilience in the US market is supported by its revenue diversification strategy and existing contracts. However, SpaceX's price war and capacity expansion could create margin pressure for European rivals in the long term. This is not investment advice.