(Reuters) – Shares in Eutelsat surged more than 120% early on Tuesday, extending gains after rising 68% on Monday, as investors bet on OneWeb satellites to be the European alternative to Starlink in Ukraine.
The French satellite company’s shares have risen more than 270% since Friday’s close, from 1.19 euro to 4.49 euros as of 0855 GMT on Tuesday.
(Reporting by Michal Aleksandrowicz and Gianluca Lo Nostro in Gdansk; Editing by Milla Nissi)
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