{"id":64658,"date":"2026-08-08T22:17:17","date_gmt":"2026-08-08T14:17:17","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/ceo-fallacher-suggests-eutelsat-is-undervalued-compared-to-spacex-following-2025-26-results\/"},"modified":"2026-08-08T22:17:17","modified_gmt":"2026-08-08T14:17:17","slug":"ceo-fallacher-suggests-eutelsat-is-undervalued-compared-to-spacex-following-2025-26-results","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/ceo-fallacher-suggests-eutelsat-is-undervalued-compared-to-spacex-following-2025-26-results\/","title":{"rendered":"CEO Fallacher Suggests Eutelsat is \u2018Undervalued\u2019 Compared to SpaceX Following 2025-26 Results"},"content":{"rendered":"

European satellite operator Eutelsat<\/strong> reported strong growth in its Low Earth Orbit (LEO) business segment during the 2026-2027 fiscal year, according to its 2025-2026 full year fiscal report issued Friday. The operator\u2019s profitability, however, came in below expectations. Eutelsat\u2019s core earnings were \u20ac632.4 million for the year with a 51.2% profit margin. Analysts were expecting a 52.4% profit margin based on the operator\u2019s earlier forecasts.<\/p>\n

Eutelsat boasted a 69.5% increase in its LEO revenue from its OneWeb constellation, which now makes connectivity services the source of more than 60% of Eutelsat\u2019s total business revenue. LEO services alone account for more than 40% of Eutelsat\u2019s connectivity revenues and 25% of the company\u2019s overall topline. The operator expects strong LEO growth next year, as well, with a forecast exceeding 30%. This success was offset by a double-digit, 13.1% decrease (on a like-for-like basis) in Eutelsat\u2019s second-largest segment \u2013 video and GEO revenues. Overall, the company ended up with a 3% overall increase in its full-year revenue (also \u200bon a like-for-like basis) to \u20ac1.24 billion ($1.43 billion).<\/p>\n

Highlighting the operator\u2019s progress in transforming into a LEO-centric business, Eutelsat CEO Jean-Francois \u200bFallacher called 2025\/2026 a \u201clandmark\u201d fiscal year for the company, which included the successful completion of a \u20ac5 billion refinancing package to support future investments.<\/p>\n

On an investor call following the results, Fallacher suggested that Eutelsat may be unfairly undervalued compared to SpaceX, considering the size of Eutelsat\u2019s competitive LEO assets, the valuation assigned to SpaceX based on its IPO filing earlier this year, and SpaceX\u2019s dependence on the U.S. government. \u201cWe look at the valuation of [SpaceX\u2019s LEO constellation] Starlink and we believe we are undervalued as a company,\u201d he said.<\/p>\n

Eutelsat secured several new contracts in the 2025-2026 period, including its first call-off contract under the French Armed Forces\u2019 NEXUS framework agreement.<\/p>\n

On Friday, the operator also announced the successful completion of work towards Europe\u2019s sovereign multi-orbit connectivity infrastructure under the IRIS2 constellation program\u2019s First Rendez-Vous. The program involves the design, deployment and operation of the IRIS\u00b2 LEO constellation, comprising 264 dual Mil-Ka\/Ku band as well as the 66 Mil-Ka band satellites. The program, which includes suppliers Airbus Defense and Space, Thales Alenia Space and Aerospacelab, provides support for Eutelsat\u2019s own future LEO infrastructure.<\/p>\n

\u201cReaching this milestone is a defining moment for Eutelsat and for Europe\u2019s space ambitions,\u201d We are now moving from planning to execution, with a clear focus on delivering a world-class sovereign, secure and resilient connectivity infrastructure. The additional public and private investment agreed today strengthens the program with greater capacity, resilience and flexibility to meet Europe\u2019s future connectivity and security needs,\u201d Fallacher said.<\/p>\n

The post CEO Fallacher Suggests Eutelsat is \u2018Undervalued\u2019 Compared to SpaceX Following 2025-26 Results appeared first on Via Satellite.<\/p>\n","protected":false},"excerpt":{"rendered":"

European satellite operator Eutelsat reported strong growth in its Low Earth Orbit (LEO) business segment during the 2026-2027 fiscal year, according to its 2025-2026 full year fiscal report issued Friday. The operator\u2019s profitability, however, came in below expectations. Eutelsat\u2019s core earnings were \u20ac632.4 million for the year with a 51.2% profit margin. Analysts were expecting […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-64658","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/64658"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=64658"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/64658\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=64658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=64658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=64658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}