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Elon Musk’s SpaceX Strikes Deal With United Airlines. ViaSat Stock Plunged.

Elon Musk’s SpaceX Strikes Deal With United Airlines. ViaSat Stock Plunged.

Shares of the alternative Wi-Fi provider ViaSat plunged Friday after United Airlines announced a deal with Elon Musk’s SpaceX for in-flight internet service. United said Friday that customers would receive free internet access via SpaceX’s space-based Wi-Fi network, called Starlink. The move is a blow to ViaSat, which is a competing supplier of space-based Wi-Fi and a supplier to United.