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OFFON

PAYPAL HOLDINGS, INC.

(PYPL)
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Musk tweets he is in talks with airlines to install Starlink broadband

10/14/2021 | 12:04pm EST

Oct 14 (Reuters) - Billionaire entrepreneur Elon Musk said in a tweet on Thursday he was in talks with airlines about installing Starlink, a satellite-based broadband service owned by his rocket company SpaceX.

Musk, who is known for his Twitter banter, announcements and lively interactions with followers, did not provide any details about the talks in his tweet. It was not immediately clear which airlines were approached or when installation would occur.

Shares of in-flight internet provider Gogo Inc fell to an intraday low of 5.7% before recouping some of the losses in afternoon trading.

Starlink, the satellite internet unit of SpaceX, plans to deploy 12,000 satellites. SpaceX has said the Starlink constellation will cost it roughly $10 billion.

It is one of a growing number of companies making small satellites that also includes Amazon.com's Kuiper, Britain's OneWeb, venture capital-backed Planet, and Raytheon Technologies Corp's Blue Canyon Technologies.

Musk currently helms companies including electric-car maker Tesla Inc, rocket startup SpaceX and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers. (Reporting by Chavi Mehta and Subrat Patnaik in Bengaluru; Editing by Anil D'Silva and Devika Syamnath)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -1.38% 3389.79 Delayed Quote.4.08%
GOGO INC. -1.32% 12.7 Delayed Quote.27.62%
PAYPAL HOLDINGS, INC. -1.72% 183.93 Delayed Quote.-21.46%
TESLA, INC. -6.42% 1014.97 Delayed Quote.53.70%
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Analyst Recommendations on PAYPAL HOLDINGS, INC.
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Financials (USD)
Sales 2021 25 355 M - -
Net income 2021 4 264 M - -
Net cash 2021 7 971 M - -
P/E ratio 2021 51,4x
Yield 2021 -
Capitalization 216 B 216 B -
EV / Sales 2021 8,21x
EV / Sales 2022 6,77x
Nbr of Employees 26 500
Free-Float 90,3%
Chart PAYPAL HOLDINGS, INC.
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PayPal Holdings, Inc. Technical Analysis Chart | PYPL | US70450Y1038 | MarketScreener
Technical analysis trends PAYPAL HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 47
Last Close Price 183,93 $
Average target price 280,67 $
Spread / Average Target 52,6%
EPS Revisions
Managers and Directors
Daniel H. Schulman President, Chief Executive Officer & Director
John D. Rainey CFO & Executive VP-Global Customer Operations
John J. Donahoe Chairman
Sripada Shivananda Chief Technology Officer & Executive VP
Jonathan Christodoro Independent Director
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