Gogo IncGogo shares fell 2% to a five-year low as Starlink's proliferation across domestic carriers threatens its broadband business.
Southwest Airlines flew its first aircraft equipped with Starlink inflight Wi-Fi connectivity on June 22 on a flight between Dallas and Albuquerque. Chief Customer and Brand Officer Tony Roach said the ultra-fast Wi-Fi brings an at-home experience to the air. Southwest announced a partnership with Starlink in February to rapidly integrate the service into its fleet, with plans to make it available on 300 aircraft by the end of 2026. The carrier more recently said it will use a mix of low-Earth-orbit providers for its remaining fleet, suggesting it could tap Amazon, Viasat, and other smaller names. Shares of Gogo, a broadband provider to the aviation industry, have lost more than 80% of their value since the beginning of the year and fell another 2% on Thursday to a five-year low amid the proliferation of Starlink Wi-Fi across domestic carriers.
Gogo IncGogo shares fell 2% to a five-year low as Starlink's proliferation across domestic carriers threatens its broadband business.
Amazon.com Inc
Space Exploration Technologies Corp. Class A Common StockSpaceX's Starlink is being rapidly integrated into Southwest's fleet, with 300 aircraft planned by end of 2026, driving demand for its service.
ViaSat Inc
Southwest Airlines CompanySouthwest flew its first Starlink-equipped aircraft, enhancing inflight Wi-Fi experience as part of its fleet modernization.