Eutelsat Communications (OTC: EUTLF ), following its merger with OneWeb, is setting its sights on delivering high-speed internet from space, a move that positions the company as a direct competitor to Elon Musk's Starlink. The announcement made by CEO Eva Berneke on Wednesday underscores the firm's strategic shift from traditional broadcast media toward telecommunications and connectivity sectors. Berneke expressed optimism about Eutelsat's potential in this emerging market, despite the presence of formidable competitors such as Jeff Bezos and various Chinese government-backed satellite initiatives.