Musk is ‘changing the way we think about risk’: Satellite incumbent plans fightback against Starlink

PARIS — Eutelsat is one of the biggest satellite companies in the world, but has faced declining revenue in its traditional businesses at a time when it is handling a huge acquisition and facing disruption from billionaires Elon Musk and Jeff Bezos.

Eutelsat CEO Eva Berneke is betting on that massive acquisition of a British firm called OneWeb to turn around the company’s fortunes.

“OneWeb is the big bet,” Berneke told CNBC in an interview…