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Ryanair Shares Surge After Elon Musk Floats Takeover Idea Amid Starlink Feud

Ryanair Shares Surge After Elon Musk Floats Takeover Idea Amid Starlink Feud

Author:

Global Cryptocurrency

Published:

2026-01-20 11:46:03

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BTCCSquare news:

Ryanair's stock climbed 2.52% in extended trading as Elon Musk publicly contemplated acquiring the airline following a spat over Starlink installation. The Tesla CEO's poll suggesting a takeover received overwhelming support from his 766,000 respondents, triggering market speculation.

The clash originated when Ryanair CEO Michael O'Leary rejected Starlink satellite internet for the carrier's fleet, citing $250 million in annual fuel costs from added aerodynamic drag. Musk's characteristic retort—calling O'Leary an idiot—escalated into a viral corporate showdown.

With Ryanair's $35 billion market cap dwarfed by Musk's $681 billion net worth, the episode underscores how billionaire whims can MOVE traditional markets. The budget airline's shares became collateral in a debate about in-flight connectivity economics.

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