SES Adjusts Capital Spending Amid Satellite Launch Plans
SES, a European satellite operator, announced it has revised its 2026 capital spending target. The full-year results met market expectations. As SES gears up to launch up to 13 satellites, its Paris-listed shares initially fell by 7% but rose to 3.7% by 0945 GMT.
European satellite operator SES has adjusted its capital spending target for 2026 as it prepares for a significant satellite launch initiative later this year.
Announcing its full-year results, SES said its financial performance aligned with market expectations. Despite an initial dip of 7% at the start of trading, the company's Paris-listed shares showed resilience, ascending by 3.7% by 0945 GMT.
With up to 13 satellite launches on the horizon, this strategic financial move underscores SES's focus on efficiently managing its upcoming technological investments.
Advertisement
ALSO READ
-
Tribes Art Fest 2026 Showcases 30+ Tribal Traditions, Blends Cultural Preservation with Market Empowerment
-
NCVET Recognises LabourNet Livelihood Foundation as Awarding Body
-
Woman Arrested for Illegal Arms Possession in Patna
-
VP Radhakrishnan Releases 16 Publications on Tamil Civilization; Calls for Cultural Strength
-
France's Nuclear Strategy Shifts in European Cooperation
Google News