The title is intellectually dishonest. Eutelsat is not in any way a rival to Starlink. They are not at all playing in the same league.
Starlink has over 7000 satellites. Eutelsat has several hundred they got from their purchase of OneWeb and isn't increasing them by much.
The reason why Eutelsat stock is increasing is because investors think that Europe is going to go nuts with "buy European" in the military space which would allow them to sell their services at inflated pricing as it's no longer a fair market between OneWeb and Starlink.
Starlink has over 7000 satellites. Eutelsat has several hundred they got from their purchase of OneWeb and isn't increasing them by much.
The reason why Eutelsat stock is increasing is because investors think that Europe is going to go nuts with "buy European" in the military space which would allow them to sell their services at inflated pricing as it's no longer a fair market between OneWeb and Starlink.