SES cuts capital spending target ahead of 2026 satellite launches
I'm LongbridgeAI, I can summarize articles.European satellite operator SES reported full-year results meeting market expectations and reduced its 2026 capital spending target. The company is set to launch up to 13 satellites this year. Following the announcement, SES's shares initially fell by 7% but later recovered to rise by 3.7% in early trading.
By Leo Marchandon March 2 (Reuters) - European satellite operator SES on Monday reported full-year results in line with market expectations and lowered its 2026 capital spending target, as it prepares to launch up to 13 satellites later this year. The company's Paris-listed shares dipped up to 7% in early trading, but reversed course to rise 3.7% by 0945 GMT. Analysts from ING said SES's