Microsoft Stock Gains on Starlink Deal and Xbox Speculation
Microsoft shares ROSE more than 2.5% following announcements of a satellite internet partnership with SpaceX's Starlink and hints of new Xbox hardware. The collaboration will establish 450 connectivity hubs in Kenya, combining low-orbit satellite access with AI tools and vocational training.
The initiative extends Microsoft's global digital inclusion efforts, having already connected 299 million people—surpassing its 250 million target. Analysts maintain a Strong Buy rating with a $594.02 average price target, reflecting confidence in Microsoft's hybrid approach to infrastructure and emerging technologies.