Eutelsat is a French company that produces satellites for data connectivity. The company’s share price experienced dramatic swings, surging as much as 77% March 4 and an additional 120% on March 5. Speculation about a shifting landscape in European defense and satellite connectivity is reported to be behind the big jump. After merging with British satellite operator OneWeb in 2023, Eutelson became the world’s third-largest satellite operator by revenue, positioning it as a competitor to Elon Musk’s Starlink internet service. Eutelstat revealed it was negotiating with the European Union to bolster internet services in Ukraine on March 4. The rally has persisted this week, with shares rising more than 20% onMarch 10. The situation grew more complex over the past week when Musk clashed on Twitter with Poland’s Foreign Minister Radoslaw Sikorski. In a post on Twitter, Elon Musk said that no matter how much he disagreed on Ukraine policy, Starlink would never turn off its terminals in the country. \”Exactly! To be extremely clear, no matter. how much I disagree with the Ukraine policy,\” wrote Musk.