Reported 2 days ago
Eutelsat Communications SA has experienced a staggering 400% increase in its shares, driven by geopolitical shifts and Europe's need for alternatives to Elon Musk's Starlink. Fund managers, once skeptical, are now buying Eutelsat bonds that were previously seen as distressed. Recent events have turned the narrative, positioning Eutelsat as a crucial player in Europe’s defense efforts, much to the chagrin of short sellers who have faced significant losses as a result.
Source: YAHOO