Starlink Rival Eutelsat’s 300% Stock Rally Stalls as Doubts Grow

Investors who have propelled a near 300% surge in Eutelsat Communications SA shares this month are getting wary of chasing the rally any further.

After more than three years of continual decline, the stock soared more than sixfold in the first three days of March, fueled by signs of a geopolitical shift and Europe’s race for an alternative to Elon Musk’s Starlink.