Elon Musk’s Starlink Is Winning on Wall Street as Stocks Rally

United Airlines and SpaceX both saw their shares rise more than 6% after third-quarter 2026 earnings that detailed Starlink’s financial importance to each company. United, which has Starlink on more than 640 aircraft and offers it free on about half its flights to MileagePlus members, reported record quarterly revenue of $17.9 billion; CEO Scott Kirby said Starlink is attracting new long-term customers, though he acknowledged the switching evidence remains largely anecdotal and United has not quantified added revenue. SpaceX’s connectivity division, which includes Starlink, generated $5.25 billion in quarterly revenue, up 69%, and $2.37 billion in operating income.