Eutelsat OneWeb

PublicLSE: ETLFounded 2012🇫🇷Paris, FranceCEO Jean-Francois Fallacher (Eutelsat Group CEO)

Eutelsat OneWeb is the LEO connectivity business within Eutelsat Group, operating a globally deployed broadband constellation in ~1,200 km orbit.

Latest update Oct 7, 2026

Overview

The business combines a 654-satellite OneWeb network with Eutelsat's GEO fleet to serve government, enterprise, maritime, aviation, and telecom customers. After closing its comprehensive ~EUR 5B equity and debt financing plan in March 2026, Eutelsat reported full-year FY2025-26 results on August 7, 2026: LEO revenue reached EUR 297M (+69.5% YoY), now 25% of group revenue versus about 15% a year earlier, while total group revenue was EUR 1,235.9M and Adjusted EBITDA was EUR 632.4M at a 51.2% margin. On September 9, 2026 Eutelsat signed two adjacent LEO-infrastructure deals at the International Space Summit in Paris: OroraTech reserved 48 thermal-infrared hosted payloads on future OneWeb satellites (option for 48 more) for wildfire and infrastructure monitoring, and Eutelsat and Skynopy launched Global AKAR, a software-defined ground network targeting more than 100 antennas by end-2029. On September 10, 2026 Eutelsat signed an Authorisation to Proceed with Airbus for 229 additional OneWeb satellites (about EUR 1B), taking Airbus OneWeb refresh orders to 669 on top of the 654-satellite Gen 1 fleet; first satellites from the existing 440-unit order are due for delivery in the fourth quarter of 2026, with two dedicated Ariane 64 launches secured for 2027 and 2028. The same day Eutelsat kicked off IRIS2 LEO manufacturing: Aerospacelab as prime for 264 dual Ku/Ka-band platforms under a EUR 2.4B contract, Airbus for 66 military Ka-band satellites to be delivered in 2029, and Thales Alenia Space for payloads on all 330 IRIS2 LEO satellites at about EUR 500M. IRIS2 commercial Ku-band service is now targeted for mid-2032. On September 7, 2026 Eutelsat and Greenland's national telco Tusass launched the EU-, Greenland-, and Denmark-backed Enhanced Satellite Connectivity Project. In India, the Digital Communications Commission approved most TRAI satcom-spectrum recommendations on September 3, 2026, but Cabinet approval, spectrum assignment, and a second-stage security clearance are still required before commercial service. Mid-September GEO video renewals with Record (Brazil), A1 Group (Central and Eastern Europe), and Grupo W Com/StarTV (Mexico) keep the legacy broadcast franchise under contract while LEO remains the growth engine.

eutelsat.comUpdated Sep 20, 2026

Analysis · 6 min read · Jul 21, 2026The long view on Eutelsat OneWeb: strategy, technology and what to watch

What's next7

All milestones

2026-2034
Deliver and launch the 669-satellite Gen 2 refresh fleet
Airbus OneWeb refresh orders now total 669 after the September 10, 2026 ATP for 229 additional satellites (about EUR 1B, digital channelizers and hosted-payload capability, replenishment through 2034). First satellites from the existing 440-unit order are due for delivery in Q4 2026, with launches from 2027 including two dedicated Ariane 64 missions in 2027 and 2028. As of September 11, 2026 no factory-acceptance or first-unit-delivery milestone has been announced yet from Airbus's Toulouse line.
eutelsat-com.mynewsdesk.com
2026-2028
Scale terminals, portals, and licensing
Expand the ground and user-terminal footprint with additional satellite network portals, broader country licensing, and global deployment toward Eutelsat's roughly 40,000-50,000 user-terminal target, transitioning the installed base toward 5G-compatible equipment. Momentum continued through mid-2026 with an expanded AST Networks maritime partnership (June 22, 2026) and, on September 7, 2026, the Greenland Enhanced Satellite Connectivity Project with Tusass. In aviation, more than 800 aircraft are now flying with OneWeb LEO connectivity. India remains the most visible licensing gap: OneWeb asked the Department of Telecommunications for urgent security approval around September 2, 2026, more than 18 months after its January 2025 security compliance demonstration. On September 3, 2026 India's Digital Communications Commission approved most TRAI satcom-spectrum recommendations, a step that still leaves Cabinet approval, spectrum assignment, and a second-stage security clearance outstanding before commercial service can begin.
money.rediff.com
2026
Launch first 32 OneWeb refresh satellites on SpaceX
TargetUpcoming SpaceX launch; Eutelsat and Airbus have published no mission name or date as of 7 Oct 2026
eutelsat-com.mynewsdesk.com
Oct 29, 2026
Publish Q1 2026-27 revenues
eutelsat.com
2027-2029
Integrate OroraTech hosted payloads and stand up Global AKAR
Convert the September 9, 2026 International Space Summit deals into flying hardware and a commercial ground service. OroraTech has reserved 48 thermal-infrared payloads (option for 48 more) on future OneWeb LEO satellites for wildfire and infrastructure monitoring; no first-flight date or contract value was disclosed. Global AKAR, with Skynopy, targets more than 100 software-defined S/X/Ka-band antennas by the end of 2029, sub-3-minute latency, and up to 10 Gbps throughput, building on a three-antenna proof of concept already under way. Both programs sit on top of the 669-satellite Airbus refresh rather than replacing it.
eutelsat.com

Late 2020s
Advance the 'Eutelsat Next' 528-satellite constellation from filing to procurement
Mature the newly filed Eutelsat Next LEO system - 528 satellites across 24 planes at 1,220 km, using Ku/Ka-band, 5G-compatible waveforms, onboard processing and optional optical inter-satellite links - from mid-2026 FCC/regulatory filings toward spectrum authorization, a manufacturing decision, and financing. As of late August 2026 no manufacturer, contract, budget, or launch vehicle has been identified; Eutelsat has indicated the filing itself is what secures its position in the future spectrum and market environment rather than a firm commitment to build all 528 satellites. The FCC review is also entangled in a broader US-EU regulatory dispute: SpaceX has lobbied the FCC to scrutinize Eutelsat OneWeb over EU rules that reserve mobile satellite spectrum for European operators, adding uncertainty to the authorization timeline. Eutelsat Next is designed to layer additional capacity on top of the Gen 1 OneWeb fleet and the 669 Airbus refresh satellites (440 ordered plus the September 10, 2026 ATP for 229 more), and its scope and schedule are the key signal of how aggressively Eutelsat intends to keep closing the scale gap with Starlink.
payloadspace.com
2029-2032
Execute the IRIS2 sovereign constellation program
Work through SpaceRISE on the EU's sovereign IRIS2 multi-orbit system, where Eutelsat is a core industrial partner and LEO-segment lead alongside SES and Hispasat. On September 10, 2026 Eutelsat awarded the LEO industrial stack: Aerospacelab as prime for 264 dual Ku/Ka-band platforms under a EUR 2.4B contract, an initial Airbus contract for 66 military Ka-band satellites to be delivered in 2029, and Thales Alenia Space payloads for all 330 IRIS2 LEO satellites at about EUR 500M. Eutelsat's own share remains EUR 3.39 billion total, phased 2027-2034. The programme covers 348 satellites (330 LEO plus 18 MEO). Eutelsat now says the commercial Ku-band constellation is expected to be operational by mid-2032; governmental connectivity services had previously been described as rolling out from 2029 after a critical design review in early 2028.
satellitetoday.com

Latest news10

All news

Oct 62026
Airbus delivers first 32 OneWeb refresh satellites
On Oct. 2, 2026 Airbus Defence and Space said it delivered the first 32 next-generation OneWeb LEO satellites to Eutelsat from Toulouse. Eutelsat said the batch is the first of 669 refresh satellites and is being prepared for shipment to an upcoming SpaceX launch in the United States, without naming a launch date. The spacecraft will replace aging first-generation OneWeb satellites.
www.airbus.com eutelsat-com.mynewsdesk.com + Airbus
Sep 132026
Airbus and Thales start IRIS2 first-layer satellites
Airbus and Thales Alenia Space signed the first IRIS2 development contracts with Eutelsat for at least 66 Ka-only first-layer LEO satellites, with delivery targeted for 2029. Airbus will supply the satellite platforms and Thales the digital payloads, with assembly in Toulouse. Thales also signed a roughly 500 million euro tranche to supply governmental payloads on all 330 IRIS2 LEO satellites; Aerospacelab holds the remaining 264-satellite layer.
Electronics Weekly Thales Alenia Space + Airbus
Sep 122026
Eutelsat orders 229 more OneWeb satellites from Airbus
Eutelsat said September 10, 2026 it signed an authorization to proceed with Airbus Defence and Space for 229 additional OneWeb LEO satellites, about 1 billion euros, on top of 440 already procured for a 669-satellite Airbus refresh. The order does not change Eutelsat's capex plan through fiscal 2029 and is meant to replenish the constellation through 2034 while supporting IRIS2 continuity. Manufacturing is planned in Toulouse.
Eutelsat Reuters + Airbus
Sep 102026
Eutelsat to extend OneWeb LEO across Greenland
Eutelsat said on September 7 it will provide OneWeb low-Earth-orbit connectivity under the Enhanced Satellite Connectivity Project for Greenland, launched at Eutelsat's Greenland ground station with European Commission President Ursula von der Leyen, Greenland Prime Minister Jens-Frederik Nielsen, and Denmark Prime Minister Mette Frederiksen. The project is backed by the EU, Greenland, and Denmark, with Tusass as lead partner, and aims to reach remote settlements and critical infrastructure where terrestrial networks are hard to deploy. Eutelsat did not disclose a contract value.
Eutelsat Ideal Investisseur
Sep 52026
Eutelsat OneWeb seeks urgent India security clearance
Eutelsat OneWeb asked India's Department of Telecommunications for immediate security approval to commercially launch its LEO satcom services, more than 18 months after completing its security compliance demonstration in January 2025, Inc42 and Tele.net.in reported around September 2, 2026. The Bharti-backed operator, the first satcom company to win a GMPCS licence in India back in August 2021, warned that continued delay risks leaving some of its aging satellites unusable before service can begin, despite already having built ground gateways in Mehsana, Gujarat and Thoothukudi, Tamil Nadu.
Inc42 Tele.net.in

Aug 232026
Eutelsat's OneWeb network passes 800 aircraft milestone
Eutelsat said on August 21 that more than 800 aircraft are now flying with its OneWeb LEO network for inflight connectivity, serving commercial airlines, business jet operators, and government aircraft across every continent. Customers added over the past year include American Airlines, Air Canada, Avianca, and Viva, with further commitments from Japan Airlines, Delta Air Lines, GOL Linhas Aereas, and Skymark Airlines.
Advanced Television
Aug 72026
Eutelsat's OneWeb LEO revenue jumps 69.5% in FY2025-26
Eutelsat reported full-year 2025-26 results on August 7, with group revenue of 1,235.9 million euros and LEO revenue from its OneWeb constellation up 69.5% to 297 million euros, now 25% of group revenue versus about 15% a year earlier. Adjusted EBITDA came in at 632.4 million euros with a 51.2% margin, and the company guided to continued strong LEO growth offsetting its legacy GEO video business decline in FY2026-27.
Eutelsat Advanced Television
Jul 302026
Eutelsat to receive $504M in FCC C-band transition payments
Eutelsat said on July 27 it will receive $504 million (443 million euros) pre-tax in FCC incentive payments after the commission's order established the framework for transitioning Upper C-band spectrum in the United States, plus full reimbursement of transition costs. The payments are conditional on completing the spectrum clearing within two set deadlines, expected during 2031, and CEO Jean-Francois Fallacher said Eutelsat is committed to working with the FCC to make the transition seamless for customers.
Eutelsat SatNews
Jun 212026
Eutelsat signs multi-year Angola LEO deal with Sonangol's Mercury
Eutelsat and Mercury - a telecom subsidiary of Angola's state-owned energy group Sonangol, formerly known as MSTelcom - signed a new multi-year, multi-million-euro exclusivity agreement on June 16 for Eutelsat's OneWeb low-Earth-orbit connectivity in Angola. Mercury will use the network to serve enterprise clients, government agencies and offshore oil platforms with high-speed, low-latency service. Eutelsat says it is the only licensed LEO operator in Angola today, deepening a partnership that gives it a significant foothold in the market.
Eutelsat Developing Telecoms Advanced Television
Jun 162026
Eutelsat wins ~€350M French military OneWeb capacity contract
Eutelsat announced on June 15 the signature of the CENTAURE contract through France's Directorate General of Armaments (DGA), the first call-off order under the roughly €1 billion NEXUS framework agreement with the French Ministry of the Armed Forces. The deal is worth about €350 million over up to eight years, including a firm €138 million initial commitment across four years, to supply OneWeb low-Earth-orbit capacity across areas of strategic interest and harden the security of Eutelsat's LEO services. It gives the French military low-latency global connectivity during the ramp-up of Europe's sovereign IRIS² constellation.
Eutelsat Aviation Week Mobile World Live

Products1

Active
OneWeb LEO Constellation
Low Earth orbit broadband constellation providing global coverage through a Gen 1 fleet of 654 satellites at roughly 1,200 km altitude. The network delivers 1.1 Tbps of sellable capacity, sub-70 ms latency, and 99%+ availability, and is integrated with Eutelsat's GEO assets for multi-orbit services across government, mobility, enterprise, and telecom markets. The follow-on satellite program now covers 669 Airbus-built spacecraft (440 already procured plus a September 10, 2026 ATP for 229 more), adding digital channelizers, hosted-payload options, and service continuity through 2034.
Satellites in Orbit
654
Follow-on Satellites Procured
669 with Airbus

Key metrics

Employees: 1,645 FTE; 30 June 2026, incl. 496 OneWeb
Est. annual revenue: FY2025-26; (year ended June 30, 2026): group revenue EUR 1,235.9M (-0.6% reported, +3.0% like-for-like); LEO revenue EUR 297M (+69.5% YoY), now 25% of group revenue; Adjusted EBITDA EUR 632.4M at a 51.2% margin. Guidance for FY2026-27: LEO revenue growth of more than 30%, with total group revenue guided to only slight growth as the legacy GEO video business keeps shrinking.
Gen 1 LEO Satellites in Orbit: 654
Sellable LEO Capacity: 1.1 Tbps
FY2025-26 LEO Revenue: EUR 297M; (+69.5% YoY); now 25% of group revenue, up from ~15% a year earlier
Group Backlog: EUR 3.4B; (June 30, 2026); secured IFRS 15 backlog EUR 2.7B excluding early-termination revenue (EUR 2.5B inside five years, EUR 1.5B inside two years)
FCC C-Band Transition Incentive: $504M; (EUR 443M) pre-tax, plus full reimbursement of transition costs, conditional on clearing Upper C-band spectrum within two set deadlines expected during 2031; the 160 MHz of cleared Upper C-band spectrum is due to be competitively auctioned by July 2027
First 32 refresh satellites contract batch: Via Satellite, 2 Oct 2026: the 32 Toulouse spacecraft were ordered in late 2024 as part of the 100-satellite extension, which sits inside the original 440 Airbus order, not the later 229 ATP. Eutelsat names an upcoming SpaceX launch with no mission name or date; Airbus says only an upcoming USA launch. SpaceX's Falcon 9 table has no OneWeb October row.
Share price 6 Oct 2026: EUR 1.501 close on Vienna; (FR0010221234), -1.61% on 6 Oct 2026

Operations & revenue

Operating status

Active; first 32 refresh satellites completed, SpaceX launch undated

Airbus completed the first 32 OneWeb refresh satellites in Toulouse on 2 Oct 2026; Eutelsat says they are shipping for an unnamed upcoming SpaceX launch, with no official mission name or date. Via Satellite maps the batch to the late-2024 100-satellite extension inside the original 440, not the 10 Sept 229 ATP. SpaceX's Falcon 9 page lists no OneWeb row in October 2026. Q1 2026-27 revenues are due 29 Oct 2026. MEO Portugal LEO partnership was signed 23 Sept 2026. India commercial service still needs Cabinet assignment and remaining security clearance.

Revenue streams

Enterprise Connectivity
LEO broadband services for enterprise customers including maritime (cruise ships, cargo, offshore), aviation (in-flight Wi-Fi), energy, and mining operations. Distribution partnerships continue to expand, including a June 2026 expanded maritime agreement with long-standing partner AST Networks, a multi-year Angola deal with Mercury (Sonangol Group), and the September 7, 2026 Greenland Enhanced Satellite Connectivity Project with Tusass to reach remote settlements and critical Arctic infrastructure. In aviation, Eutelsat said on August 21, 2026 that more than 800 aircraft are now flying with OneWeb LEO connectivity across commercial, business, and government operators on every continent, with customers including American Airlines, Air Canada, Avianca, and Viva plus further commitments from Japan Airlines, Delta Air Lines, GOL Linhas Aereas, and Skymark Airlines.
Government & Defense
Secure connectivity for government and military customers, including participation in the EU IRIS^2 sovereign connectivity program and the ~EUR 350M CENTAURE contract (June 15, 2026; firm EUR 138M over four years, up to eight years total) supplying OneWeb LEO capacity to the French Armed Forces under the ~EUR 1B NEXUS framework agreement. As of September 20, 2026 CENTAURE remains the group's flagship disclosed French-defense LEO call-off.
Telecom Backhaul
Cellular backhaul connectivity for mobile network operators in rural and underserved regions where fiber is unavailable.
Video Distribution (GEO)
Legacy GEO satellite business providing video broadcasting and distribution services - Eutelsat Group's traditional revenue base, now in structural decline as the group pivots toward LEO connectivity. Mid-September 2026 renewals keep the franchise under contract: Record in Brazil on EUTELSAT 65 West A (Sept 12), A1 Group DTH capacity at 16 degrees East (Sept 11), and an expanded StarTV/Grupo W Com deal in Mexico on EUTELSAT 117 West B (Sept 11).

Timeline19

2026
1. MEO partnership expands OneWeb LEO in Portugal
  On 23 September 2026 Eutelsat and Portugal's MEO announced that MEO will integrate OneWeb LEO into fibre and 5G backup services for businesses, municipalities, and critical infrastructure. The deal builds on MEO hosting Eutelsat ground stations. No contract value was disclosed.
2. First 32 OneWeb refresh satellites leave Toulouse
  On Oct. 2, 2026 Eutelsat said Airbus completed the first 32 new OneWeb LEO satellites in Toulouse, the first of 669 refresh satellites, now preparing to ship for an upcoming SpaceX launch. No launch date was named. The new spacecraft replace first-generation satellites reaching end of life.
3. Airbus ATP for 229 more OneWeb satellites; IRIS2 LEO contracts awarded
  On September 10, 2026 at the International Space Summit in Paris, Eutelsat signed an Authorisation to Proceed with Airbus Defence and Space for 229 additional OneWeb satellites, an estimated EUR 1B investment that does not change the capex plan through FY 2029 and brings Airbus OneWeb refresh orders to 669. First satellites from the existing 440-unit order are due next quarter, and Via Satellite reported two dedicated Ariane 64 launches secured for 2027 and 2028. The same day Eutelsat awarded IRIS2 LEO work: Aerospacelab as prime for 264 dual Ku/Ka-band platforms under a EUR 2.4B contract, an initial Airbus contract for 66 military Ka-band satellites to be delivered in 2029, and Thales Alenia Space payloads for all 330 IRIS2 LEO satellites at about EUR 500M. Eutelsat said IRIS2 commercial Ku-band service is expected by mid-2032.
4. Eutelsat and Skynopy launch Global AKAR software-defined ground network
  Also on September 9, 2026, Eutelsat and French ground-segment startup Skynopy signed a partnership to build Global AKAR, a software-defined S/X/Ka-band ground network using selected Eutelsat gateway sites plus Skynopy's orchestration and virtualized-modem stack. The service targets more than 100 operational antennas by the end of 2029, sub-3-minute data latency, and up to 10 Gbps throughput for Earth-observation, in-orbit services, orbital data centers, and telecom customers, including defense-sensitive applications. An initial three-antenna proof of concept, partly supported by the French government, is already under way. President Emmanuel Macron publicly backed the alliance as a France 2030 project.
5. OroraTech reserves 48 thermal IR hosted payloads on future OneWeb satellites
  On September 9, 2026 at the International Space Summit in Paris, Eutelsat and Germany's OroraTech announced that OroraTech will reserve space aboard future OneWeb LEO satellites for 48 thermal-infrared payloads, with an option for 48 more, to expand wildfire, infrastructure, environmental, and security monitoring. The partnership is supported by the French and German governments under a Franco-German space-cooperation initiative. Eutelsat framed hosted payloads as an extra value-creation path on the Gen 2 refresh fleet, complementary to OneWeb connectivity already used by emergency services. No contract value, first-flight date, or confirmed satellite batch was disclosed.
6. Greenland Enhanced Satellite Connectivity Project launched with Tusass
  On September 7, 2026, Eutelsat announced its participation in the Enhanced Satellite Connectivity Project for Greenland, launched at Eutelsat's Greenland ground station with European Commission President Ursula von der Leyen, Greenland Prime Minister Jens-Frederik Nielsen, and Denmark Prime Minister Mette Frederiksen. Eutelsat will provide OneWeb LEO connectivity in partnership with Tusass, Greenland's national telecommunications provider and the project's lead partner, to reach remote settlements and critical infrastructure. The initiative is supported by the European Union, the Government of Greenland, and the Government of Denmark. Eutelsat's own release does not disclose a contract value.
7. IRIS2 Implementation Agreement signed, investment commitment set at EUR 3.39B
  On August 7, 2026, the same day as the RDV1 execution milestone, the European Commission and the SpaceRISE consortium signed the IRIS2 Implementation Agreement, converting the programme's transition to execution into binding commitments. Eutelsat, as LEO segment lead, commits EUR 3.39 billion total (EUR 2.23B into shared IRIS2 infrastructure plus EUR 1.16B into commercial infrastructure), phased 2027-2034, in exchange for access to more than double its current OneWeb capacity and an expected EUR 10 billion-plus of capacity revenue over 2032-2040.
8. Full-year FY2025-26 results: LEO revenue up 69.5%
  Eutelsat reported full-year FY2025-26 results on August 7, 2026: group revenue of EUR 1,235.9M (down 0.6% reported, up 3.0% like-for-like), with LEO revenue from OneWeb up 69.5% to EUR 297M, now 25% of group revenue versus about 15% a year earlier. Adjusted EBITDA was EUR 632.4M at a 51.2% margin, and the company guided to continued strong LEO growth offsetting the structural GEO decline in FY2026-27.

2026
1. Eutelsat files for 528-satellite 'Eutelsat Next' LEO constellation
  In mid-July 2026 FCC filings, Eutelsat outlined plans for a new low Earth orbit constellation called Eutelsat Next - 528 satellites (plus in-orbit spares) across 24 orbital planes at 1,220 km, distinct from and additional to the 654-satellite Gen 1 OneWeb fleet and the 440 Airbus-built Gen 2 refresh satellites already on order. The satellites would use Ku- and Ka-band spectrum, be compatible with 5G standards, carry onboard processing (up to 140 Ku-band user beams each) and optional optical inter-satellite links, and operate through roughly 50 gateway stations worldwide (including six existing U.S. sites), signaling Eutelsat's intent to keep scaling LEO capacity well beyond the immediate OneWeb refresh.
2. AST Networks maritime LEO partnership expanded
  On June 22, 2026, Eutelsat and AST Networks - one of Eutelsat's longest-standing distribution partners - signed a new multi-year, multi-million-dollar agreement under which AST Networks expands its use of OneWeb LEO connectivity within the hybrid maritime solutions it delivers to shipowners worldwide, reflecting accelerating demand for resilient at-sea connectivity.
3. Mercury signs expanded OneWeb LEO deal in Angola
  On June 16, 2026, Eutelsat and Mercury (formerly MSTelcom, a Sonangol Group subsidiary) signed a new multi-year, multi-million-dollar agreement to expand OneWeb LEO connectivity for enterprise, offshore, public-sector, and telecom customers across Angola. Building on a prior November 2025 deal, it deepens Eutelsat's position as the only licensed LEO operator in Angola and reflects growing demand for low-latency connectivity in underserved and offshore African markets.
4. CENTAURE French military contract signed
  On June 15, 2026, Eutelsat signs the CENTAURE contract through France's Directorate General of Armaments (DGA) - the first call-off order under the ~EUR 1B NEXUS framework agreement with the French Ministry of the Armed Forces. The deal is worth circa EUR 350M over up to eight years (circa EUR 300M net of VAT), including a firm initial EUR 138M commitment (circa EUR 115M net of VAT) across four years, to provide OneWeb LEO capacity across areas of strategic interest to the French Armed Forces and enhance the security of Eutelsat's LEO services during the ramp-up of Europe's IRIS2 program. As of September 20, 2026 the contract remains the group's flagship disclosed French-defense LEO call-off; no later CENTAURE expansion has been announced.
5. ~EUR 5B financing plan fully closed with EUR 1.5B senior notes
  On March 5, 2026, Eutelsat closes a EUR 1.5B senior notes offering, completing the final milestone of its comprehensive ~EUR 5B equity and debt financing strategy. The plan - combining a EUR 1.5B capital raise, export-credit agency financings, and extended bank debt maturities - is designed to cover all projected investment needs through 2026-2029. Credit rating upgrades follow: Moody's (up two notches to Ba3) and Fitch (up three notches to BB, Stable).
6. 440 follow-on satellites fully funded and procured
  Eutelsat adds a further 340 Airbus-built OneWeb satellites, bringing the refresh orderbook to 440, and secures almost EUR 1 billion of export-credit financing to support procurement and continuity of service.
2025
1. EUR 1.5B capital raise completed
  Eutelsat completes a EUR 1.5 billion capital raise through reserved capital increases and a rights issue backed by the French state, UK Government, Bharti, CMA CGM, and FSP to fund its strategic roadmap and deleveraging plan.
2023
1. Global coverage achieved & Eutelsat merger completed
  OneWeb completes global coverage and the merger with Eutelsat is finalized, creating the first fully integrated GEO-LEO satellite operator.
2020
1. Bankruptcy and rescue by UK Government & Bharti Global
  The UK Government and Bharti Global provide $1 billion of new funding to restart OneWeb and support completion of the constellation after its 2020 bankruptcy process.
2019
1. First 6 satellites launched
  OneWeb launches its first 6 demonstration satellites in February 2019, beginning the constellation deployment campaign.
2012
1. Founded as WorldVu Satellites
  Greg Wyler founds WorldVu Satellites (later renamed OneWeb) with the vision of providing global internet connectivity through a large LEO satellite constellation.

Funding

$4.8Bdisclosed across 3 rounds with a stated amount

Cumulative disclosed raise · dated rounds

RoundAmountInvestors

Early Rounds
2015–2019
$3.4B+
SoftBank ($2.2B), Virgin Group, Qualcomm, Grupo Salinas, Government of Rwanda
Rescue Funding
Jul 2020
$1.0B
UK Government ($500M), Bharti Global ($500M)
Post-Rescue Round
Jan 2021
$400M
SoftBank, Hughes Network Systems
Eutelsat Merger
Sep 2023
All-share merger completed
Eutelsat S.A.
Gen 2 Export Credit Financing
Feb 2026
~EUR 1B
French state-backed export credit
Reserved Capital Increase + Rights Issue
Nov-Dec 2025
EUR 1.5B
French State, Bharti Space, UK Government, CMA CGM Participations, Fonds Strategique de Participations