Starlink Clinches American Airlines (AAL) Deal as SpaceX IPO Fever Runs Hot

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2026.05.27 16:57
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Starlink has secured a major contract with American Airlines to install its in-flight Wi-Fi service on over 500 Airbus aircraft starting in 2027. This deal enhances Starlink's presence in the market and supports SpaceX's upcoming IPO, expected to be the largest in history. Starlink generated $11.39 billion in revenue last year, making it a crucial revenue source for SpaceX. American Airlines is currently rated a Moderate Buy by analysts, with a projected price target of $14.69.