Starlink rival Eutelsat orders 340 OneWeb satellites from Airbus

Core Insights - Eutelsat, a satellite operator supported by the French and British governments, has placed an order for 340 new satellites for its OneWeb low Earth orbit network from Airbus [1] Company Summary - Eutelsat is expanding its satellite network by ordering 340 new satellites, indicating a significant investment in low Earth orbit technology [1] - The partnership with Airbus highlights the collaboration between government-backed entities and private aerospace companies in advancing satellite communications [1] Industry Summary - The order for new satellites reflects the growing demand for low Earth orbit satellite networks, which are becoming increasingly important for global communications [1] - The involvement of government support in satellite operations suggests a strategic focus on enhancing national and international connectivity through advanced satellite technology [1]