Eutelsat has started talks with investors to raise €1.5 billion to expand its low Earth orbit (LEO) satellite constellation. The operator is in discussions with the French government, investor Fonds Strategique de Participations, shipping company CMA CGM, and the UK government.
The French government’s current 13.6% stake in Eutelsat could increase to 30% if the funding goes through. Eutelsat is attempting to better compete against Elon Musk-owned Starlink to provide satellite-based broadband across Europe. The company has attempted to secure funding for close to a year.
Eutelsat needs capital to replace its LEO birds every five to seven years. The company will also need more than €2 billion to take part in the European Commission and European Space Agency’s proposed IRIS2 constellation. European officials are concerned about beefing up military defenses following an acrimonious meeting between US President Donald Trump and Ukrainian President Volodymyr Zelensky in February.
IFA Berlin enters into a strategic partnership with WeAreDevelopers to connect leaders from the consumer tech industry with top minds in artificial intelligence, software, and cloud computing. Together, they aim to shape the future of the industry.
AI is making workers more valuable, productive, and able to command higher wage premiums, with job numbers rising even in roles considered most automatable, according to PwC’s 2025 Global AI Jobs Barometer, released today. The report is based on analysis of close to a billion job ads from six continents.
Elon Musk tried to derail an AI infrastructure deal in the United Arab Emirates.
