Eutelsat Jumps 17% and SES 6.5% After Restrictions on 'Starshield' Service

European satellite stocks jumped at the close of trading after Ukraine reported restrictions on SpaceX's military 'Starshield' service, as reported by Investing platform from Yahoo Finance.

Eutelsat shares closed up 17.11% at 1.77 euros, while SES shares ended the session up 6.48% at 4.17 euros. Both stocks had risen more than 12% and 5%, respectively, before the end of trading.

In the same context, Oddo BHF upgraded its rating for SES shares to 'Outperform' from 'Underperform', and raised the target price from 5.20 euros to 5.80 euros, citing approximately 2.3 billion euros from early C-band spectrum clearing proceeds, as well as an EBITDA recovery in the second half of 2026.

The two stocks were the top performers on the SBF 120 index, which rose 0.32%, while the CAC 40 index gained 0.28%.

What Do These Terms Mean?

Starshield: A military version of SpaceX's Starlink satellite network, providing communications and observation missions for government entities.

C-band spectrum: A range of radio frequencies used by communications satellites, sold by companies for large sums of money.

Outperform: A rating given by bank analysts to a stock, indicating an expected performance better than the market average in the coming period.

EBITDA: A measure of a company's operating profits that excludes interest, taxes, depreciation, and amortization costs.