Tradingkey - Elon Musk’s SpaceX is set to list on Nasdaq in mid-June with a target valuation of $1.75–$2 trillion, as the market focuses intensely on whether its performance can support this massive valuation. According to prospectus data, Starlink is currently the company’s sole profit pillar; the communications business, including Starlink, generated $11.39 billion in revenue last year, accounting for 61% of total revenue. The market generally considers Starlink's user growth and commercialization progress as key variables for valuation validation. Today, American Airlines (AAL) confirmed the adoption of Starlink’s in-flight network, injecting new growth momentum into the business. American Airlines finalized an in-flight connectivity upgrade plan to equip over 500 narrow-body aircraft with SpaceX’s Starlink system, further consolidating Starlink’s advantage in the aviation Wi-Fi sector as it continues to gain favor among major global airlines.

Wall Street hit fresh highs as Kevin Warsh took the Fed helm, tech and space stocks rallied, and Anthropic eyed a $900B valuation amid easing geopolitical tensions.

TradingKey - In a recent interview with Bloomberg, the CEO of Delta Air Lines (DAL) stated that the company chose Amazon’s (AMZN) LEO satellite service over SpaceX’s Starlink for its in-flight Wi-Fi. The CEO noted that Amazon offers more than just satellite technology, providing lower costs and greater technical capabilities. He specifically highlighted that Amazon possesses retail capabilities, Prime membership, and a video entertainment ecosystem, all of which are advantages Starlink lacks.

TradingKey - United Airlines released its first-quarter financial results for the period ending March 31, 2026, after the market closed on April 22. During the period, the company’s net profit was $699 million, a year-on-year increase of 80.4%. Adjusted diluted earnings per share (EPS) was $1.19, significantly higher than the $0.91 reported in the same period last year and exceeding market expectations of $1.09. Total revenue for the group reached $14.608 billion, up 10.6% year-on-year, surpassing the market expectation of $14.46 billion. Passenger revenue accounted for $13.166 billion, an 11% increase year-on-year, also beating the market expectation of $12.96 billion.

TradingKey - U.S. car rental giant Avis (CAR) is replicating the concentrated capital short squeeze seen with GameStop (GME). Over the past six weeks, Avis's stock price has surged from the $100 range to an all-time high of $713.97, representing a cumulative gain of over 200%. On April 21, the stock

United Airlines (UAL) will report its first-quarter 2026 earnings results next Monday after the U.S. market close. Coupled with merger rumors involving American Airlines, market attention on United has been further heightened. According to the latest FactSet survey, the median 2026 EPS estimate for United Airlines has been revised downward from $10.68 to $9.93, with a low estimate of $6.86. The median price target is $133.50, representing a 40% implied upside from the current share price.
