Shift4 Payments Forges Deal With SpaceX's Starlink: All You Need To Know

  • Payments processing company Shift4 Payments Inc FOUR announced a five-year partnership with SpaceX's Starlink satellite internet service.
  • "Starlink is a cornerstone, global client opening up opportunity throughout the globe by servicing the business globally, Shift4′s [total addressable market] expands in all the verticals we serve."
  • Shift4 outlined that it will begin converting Starlink's "domestic payment volume" to its services over the next 120 days. The payments company sees the SpaceX partnership as a "massive" opportunity.
  • Shift4 sees $100 billion in Starlink subscription payments over the long term, based on Morgan Stanley's estimates for SpaceX's potential revenue growth.
  • Jared Isaacman, CEO of Shift4, notably became an astronaut when he flew to orbit with SpaceX in September on the historic Inspiration4 private mission, CNBC reports.
  • SpaceX's valuation has crossed $100 billion, which industry analysts attribute in large part due to the market potential of its Starlink service.
  • Related Content: Shift4 Payments Shares Surge As It Clocks 90% Payment Volume In Q3 Despite Delta Variant
  • Price Action: FOUR shares traded higher by 16.8% at $68.59 on the last check Wednesday.
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