| Updated: 20-06-2025 12:43 IST | Created: 20-06-2025 12:43 IST This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only. SHARE In a significant move, the French government announced plans to become the largest shareholder in Eutelsat, prompting the satellite company's shares to rise 6% at market opening on Friday. The government's €1.35 billion capital injection aims to strengthen Eutelsat's position in the competitive landscape dominated by Elon Musk's Starlink, said French President Emmanuel Macron in a statement. This comes as the company targets advancements in low-Earth orbit satellite technology. Eutelsat, which merged with OneWeb in 2023, now requires substantial additional financing for further satellite development. It remains uncertain if the UK's 10.9% stake includes commitments for further investments. ON: