Starlink leads Amazon in securing airline in-flight Wi-Fi contracts
SpaceX's satellite internet arm has locked down commitments for an estimated 7,000 to 8,000 commercial aircraft while Amazon's Project Kuiper struggles to keep pace.
Amazon.com Inc. (AMZN) price
Full chart and statsLoading chart…
- Last close
- $253
- Close-to-close change
- +1.6%
- Market cap
- $2.7T (shares as of 2026-07-22)
- P/E (trailing)
- 20.4 (EPS to 2026-06-30)
- Annual revenue
- $716.9B USD (FY ended 2025-12-31) 10-K
- Annual revenue growth
- +12.4% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
- Annual net income
- 77,670,000,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
- Annual operating margin
- 11.2% (FY ended 2025-12-31)
- Forward P/E
- Unavailable: no dated forecast source
Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.
Amazon.com Inc. and its peers
| Company | Price | Market cap | P/E (trailing) | Forward P/E | Annual revenue (USD) | Annual revenue growth | Annual net income (USD) | Operating margin |
|---|---|---|---|---|---|---|---|---|
|
|
$253 | $2.7T | 20.4 | Unavailable | $716.9BFY ended 2025-12-31 · 10-K | +12.4%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 77,670,000,000FY ended 2025-12-31, attributable to the company · 10-K | 11.2%FY ended 2025-12-31 |
|
|
$14 | Unavailable | Not meaningfulLoss, diluted EPS −0.43 to 2026-06-30 · SEC filing | Unavailable | $34.5BFY ended 2025-12-31 · 10-K | +14.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 208,000,000FY ended 2025-12-31, attributable to the company · 10-K | 1.4%FY ended 2025-12-31 |
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$113 | Unavailable | Not meaningfulLoss, diluted EPS −2.48 to 2026-06-30 · SEC filing | Unavailable | $12.5BFY ended 2025-12-31 · 10-K | +5.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K | −313,000,000FY ended 2025-12-31, attributable to the company · 10-K | 0.1%FY ended 2025-12-31 |
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$119 | $946.7B | 43.2 | Unavailable | $713.2BFY ended 2026-01-31 · 10-K | +4.7%FY ended 2026-01-31 vs 2025-01-31 · 10-K | 21,893,000,000FY ended 2026-01-31, attributable to the company · 10-K | 4.2%FY ended 2026-01-31 |
Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.
Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 27, 2026, 10:41 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.
Token vs underlying stock
Current comparison for AMZN. Historical observations may postdate this article.
AMZNx token unit vs AMZN share · USD
-8.6% over displayed period
● AMZNx token┄ AMZN stock: $253.10
Source: CoinGecko + Gloria · Retrieved Oct 28, 20:51 UTC · Delayed
Methodology and data
Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.
| Date (UTC) | Token (USD) | Stock close (USD) | Token quote (UTC) |
|---|---|---|---|
| 2026-08-04 | 277.39 | 277.42 | 2026-08-04 20:00 |
| 2026-08-05 | 272.84 | 272.65 | 2026-08-05 20:00 |
| 2026-08-06 | 272.13 | 272.26 | 2026-08-06 20:00 |
| 2026-08-07 | 274.76 | 274.48 | 2026-08-07 20:00 |
| 2026-08-10 | 277.96 | 278.09 | 2026-08-10 20:00 |
| 2026-08-11 | 272.21 | 272.27 | 2026-08-11 20:00 |
| 2026-08-12 | 267.48 | 267.28 | 2026-08-12 20:00 |
| 2026-08-13 | 265.07 | 265.13 | 2026-08-13 20:00 |
| 2026-08-14 | 262.81 | 262.65 | 2026-08-14 20:00 |
| 2026-08-17 | 261.07 | 261.31 | 2026-08-17 20:00 |
| 2026-08-18 | 259.40 | 259.45 | 2026-08-18 20:00 |
| 2026-08-19 | 265.80 | 265.84 | 2026-08-19 20:00 |
| 2026-08-20 | 259.95 | 260.11 | 2026-08-20 20:00 |
| 2026-08-21 | 258.73 | 258.63 | 2026-08-21 20:00 |
| 2026-08-24 | 262.28 | 262.07 | 2026-08-24 20:00 |
| 2026-08-25 | 261.06 | 261.06 | 2026-08-25 20:00 |
| 2026-08-26 | 260.32 | 260.28 | 2026-08-26 20:00 |
| 2026-08-27 | 256.30 | 256.26 | 2026-08-27 20:00 |
| 2026-08-28 | 266.44 | 266.43 | 2026-08-28 20:00 |
| 2026-08-31 | 259.63 | 259.77 | 2026-08-31 20:00 |
| 2026-09-01 | 254.64 | 254.92 | 2026-09-01 20:00 |
| 2026-09-02 | 254.81 | 254.98 | 2026-09-02 20:00 |
| 2026-09-03 | 258.83 | 258.90 | 2026-09-03 20:00 |
| 2026-09-04 | 258.34 | 258.51 | 2026-09-04 20:00 |
| 2026-09-08 | 256.81 | 256.97 | 2026-09-08 20:00 |
| 2026-09-09 | 252.24 | 252.40 | 2026-09-09 20:00 |
| 2026-09-10 | 251.61 | 251.89 | 2026-09-10 20:00 |
| 2026-09-11 | 257.13 | 256.78 | 2026-09-11 20:00 |
| 2026-09-14 | 253.68 | 253.54 | 2026-09-14 20:00 |
| 2026-09-15 | 248.35 | 248.42 | 2026-09-15 20:00 |
| 2026-09-16 | 246.01 | 245.96 | 2026-09-16 20:00 |
| 2026-09-17 | 251.35 | 251.19 | 2026-09-17 20:00 |
| 2026-09-18 | 253.69 | 253.71 | 2026-09-18 20:00 |
| 2026-09-21 | 258.31 | 258.45 | 2026-09-21 20:00 |
| 2026-09-22 | 255.06 | 254.98 | 2026-09-22 20:00 |
| 2026-09-23 | 249.39 | 249.27 | 2026-09-23 20:00 |
| 2026-09-24 | 249.48 | 249.38 | 2026-09-24 20:00 |
| 2026-09-25 | 249.71 | 249.67 | 2026-09-25 20:00 |
| 2026-09-28 | 246.30 | 246.15 | 2026-09-28 20:00 |
| 2026-09-29 | 246.66 | 246.67 | 2026-09-29 20:00 |
| 2026-09-30 | 249.53 | 249.15 | 2026-09-30 20:00 |
| 2026-10-01 | 248.17 | 248.23 | 2026-10-01 20:00 |
| 2026-10-02 | 251.37 | 251.52 | 2026-10-02 20:00 |
| 2026-10-05 | 251.43 | 251.40 | 2026-10-05 20:00 |
| 2026-10-06 | 256.28 | 256.29 | 2026-10-06 20:00 |
| 2026-10-07 | 259.85 | 259.92 | 2026-10-07 20:00 |
| 2026-10-08 | 254.31 | 254.06 | 2026-10-08 20:00 |
| 2026-10-09 | 262.35 | 262.43 | 2026-10-09 20:00 |
| 2026-10-12 | 259.60 | 259.53 | 2026-10-12 20:00 |
| 2026-10-13 | 258.72 | 258.58 | 2026-10-13 20:00 |
| 2026-10-14 | 253.89 | 254.08 | 2026-10-14 20:00 |
| 2026-10-15 | 254.89 | 254.76 | 2026-10-15 20:00 |
| 2026-10-16 | 250.16 | 250.00 | 2026-10-16 20:00 |
| 2026-10-19 | 262.52 | 262.45 | 2026-10-19 20:00 |
| 2026-10-20 | 262.57 | 262.63 | 2026-10-20 20:00 |
| 2026-10-21 | 262.57 | 262.37 | 2026-10-21 20:00 |
| 2026-10-22 | 250.30 | 250.38 | 2026-10-22 20:00 |
| 2026-10-23 | 248.07 | 248.00 | 2026-10-23 20:00 |
| 2026-10-26 | 248.95 | 249.09 | 2026-10-26 20:00 |
| 2026-10-27 | 253.41 | 253.10 | 2026-10-27 20:00 |
Stock history: Gloria · Retrieved Oct 28, 00:31 UTC. Token history: CoinGecko AMZNx.
Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.
Starlink, SpaceX’s satellite internet division, has pulled far ahead of Amazon’s competing Leo service in the battle to become the default provider of in-flight connectivity for the world’s airlines.
Starlink now holds commitments covering an estimated 7,000 to 8,000 commercial aircraft globally. Amazon’s Leo, by comparison, has secured deals covering roughly 1,300 planes at most, with implementation timelines that trail Starlink’s by a year or more.
The contract scoreboard
Starlink signed 8 new airline customers in 2024. Then 22 in 2025. And 11 more so far in 2026. The roster reads like a who’s who of commercial aviation: United Airlines, American Airlines, Southwest Airlines, Alaska Airlines, Lufthansa, and Emirates have all committed to the SpaceX service.
The most recent headline deal came on May 26, 2026, when American Airlines announced that Starlink would provide connectivity on more than 500 narrowbody aircraft starting in the first quarter of 2027.
Amazon’s Leo has landed two notable contracts. Delta selected the service for 500 aircraft on March 31, 2026, with implementation beginning in 2028. JetBlue is the other customer, with a commitment covering roughly 300 planes.
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Why Starlink has the edge
Starlink operates around two-thirds of all active satellites currently in orbit. That constellation gives Starlink something Amazon simply cannot match right now: proven, large-scale coverage. Airlines aren’t just buying a promise of future connectivity. They’re buying into a network that already works at scale for millions of ground-based users and is now extending that capability to aircraft cruising at 35,000 feet.
Amazon’s Project Kuiper is still in the earlier stages of building out its satellite constellation. The 2028 start date for Delta’s implementation reflects where Amazon is in its deployment timeline versus where Starlink already stands.
The shifting economics of in-flight Wi-Fi
In-flight Wi-Fi has undergone a fundamental transformation in how airlines and passengers think about it. What used to be a premium upsell is rapidly becoming a baseline expectation. Airlines are increasingly offering free or affordable high-speed internet as a competitive differentiator, and passengers now expect seamless connectivity from gate to gate.
What this means for investors
SpaceX remains private, so you can’t buy Starlink stock directly. For Amazon, Delta’s 500-aircraft deal won’t begin generating revenue until 2028, by which point Starlink could have thousands more planes already connected and operational.
The risk for Amazon isn’t that Leo fails entirely. It’s that by the time the service is fully operational and competitive, Starlink will have already signed most of the major airlines to multi-year contracts. The gap between 7,000-plus aircraft commitments and roughly 1,300 is the kind of lead that takes years and billions of dollars to close.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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