Eutelsat Stock Drops on SoftBank Selloff as Bitcoin Rebounds Amid European Gains

Eutelsat's stock plunged 7.2% after SoftBank sold 36 million rights, equivalent to about 26 million shares, amid challenges competing with Starlink. This selloff highlights ongoing struggles post-OneWeb merger, despite French government investment, as Bitcoin and European markets show resilience. SoftBank's rapid selloff of Eutelsat shares triggered immediate market pressure. Eutelsat lags behind Starlink in satellite [...]