Shift4 Payments Forges Deal With SpaceX's Starlink: All You Need To Know

Payments processing company Shift4 Payments Inc FOUR announced a five-year partnership with SpaceX's Starlink satellite internet service.
"Starlink is a cornerstone, global client opening up opportunity throughout the globe by servicing the business globally, Shift4′s [total addressable market] expands in all the verticals we serve."
Shift4 outlined that it will begin converting Starlink's "domestic payment volume" to its services over the next 120 days. The payments company sees the SpaceX partnership as a "massive" opportunity.
Shift4 sees $100 billion in Starlink subscription payments over the long term, based on Morgan Stanley's estimates for SpaceX's potential revenue growth.
Jared Isaacman, CEO of Shift4, notably became an astronaut when he flew to orbit with SpaceX in September on the historic Inspiration4 private mission, CNBC reports.
SpaceX's valuation has crossed $100 billion, which industry analysts attribute in large part due to the market potential of its Starlink service.
Related Content: Shift4 Payments Shares Surge As It Clocks 90% Payment Volume In Q3 Despite Delta Variant
Price Action: FOUR shares traded higher by 16.8% at $68.59 on the last check Wednesday.