Elon Musk and Ryanair CEO Feud Sparks Market Predictions on Takeover Odds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Yahoo Finance
- Market Prediction Reaction: On Polymarket, bettors assign only a 9% chance of Elon Musk acquiring Ryanair, indicating a lack of confidence in this high-profile dispute and reflecting skepticism among investors regarding the potential takeover.
- Escalating Dispute: The feud between Musk and Ryanair CEO O'Leary centers on the value of Starlink, with O'Leary claiming that installation would cost between $200 million and $250 million annually, highlighting doubts about the technology's feasibility for short-haul flights.
- Technical Controversy: O'Leary asserts that Starlink antennas impose a 2% fuel penalty, while SpaceX's VP counters that the actual fuel increase is only 0.3%, showcasing significant discrepancies in technical data that could influence airlines' adoption decisions regarding Starlink.
- Public Image Impact: The mutual accusations of calling each other
Analyst Views on RYAAY
Wall Street analysts forecast RYAAY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RYAAY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 69.000
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Current: 69.000
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About RYAAY
Ryanair Holdings PLC is the leading airline group by passenger numbers in Europe. The company employs a low-cost no-frills model to offer low fares to leisure customers on short-haul intra-European routes. In 2020, the most recent pre-pandemic fiscal year, the company carried 149 million passengers, utilizing a fleet of 467 Boeing 737 aircraft across its 1,800 routes. To keep costs low the company serves predominantly lower-cost secondary airports. The company generated sales of EUR 8.5 billion in fiscal 2020.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
