Eutelsat and OneWeb agree merger to create European satellite juggernaut

Two major players in the European satellite space are merging in a $3.4 billion all-share transaction, a move that is widely seen as a challenge to Elon Musk’s SpaceX.
Rumors emerged earlier this week that France’s Eutelsat was gearing up to buy its British rival OneWeb, and the duo have now confirmed these plans.
Founded in 1977, Eutelsat is a long-established provider of satellite services for myriad industries, from broadcast television and aviation, to IoT and telecom. The Paris-based company, whose biggest shareholder is French state-owned investment bank Bpifrance, says it cu

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