European space-finance
Par parti pris · 1 takes across the edition
Space Intel Report · Europe · Eutelsat raises cash to fund OneWeb Gen-2 and Europe's IRIS² sovereign constellation
Reports Eutelsat's €960M equity raise, the first of three transactions to cut debt and unlock export-credit financing for €2.3B of OneWeb Gen-1 follow-ons and €2.1B of IRIS² LEOs. The hard-numbers read on whether Europe can actually pay for sovereignty.
“Eutelsat raised €960M in equity, the first of three deals to cut debt and unlock financing for OneWeb and IRIS².”