Satellite Internet Showdown: Starlink vs. Global Rivals

Elon Musk's Starlink faces challenges in the satellite internet space from Chinese and Amazon-backed competitors. Meanwhile, Eutelsat's successful 5G trial from space marks a significant milestone, boosting their market presence. The competition in satellite-based internet services is intensifying, with major players vying for dominance.

Elon Musk's Starlink is encountering fierce competition as the satellite internet market heats up. Emerging challengers, including a Chinese state-backed entity and a service spearheaded by Amazon's Jeff Bezos, are set to test Starlink's supremacy.

In a groundbreaking development for satellite technology, Eutelsat, a French satellite service provider, successfully conducted the world's first 5G Non-Terrestrial Network connection trial using OneWeb's low Earth orbit satellites.

This technological breakthrough is significant, emphasizing the increasing competition and innovation in the race for satellite internet dominance, with Eutelsat's shares surging by 9% following the announcement.

(With inputs from agencies.)