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Musk's Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake

Summary by CNBC
The French satellite group has seen its stock fall following a steep hike in March.

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Eutelsat Shares or Reduced by 5.7% on Wednesday, Following Information on Sales by Softbank

The French team of Eutelsat satellites, which recently considered the European Starlink network of Elon Musk, suffered a sharp fall on Wednesday, after Reuters reported that the Japanese investor SoftBank sold company subscription rights, reports the CNBC.

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Musk's Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake

The French satellite group has seen its stock fall following a steep hike in March.

·United States
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CNBC broke the news in United States on Wednesday, December 3, 2025.
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