Elon Musk Vs. Ryanair’s CEO Just Turned Into A Betting Game — And Traders Are Now Wagering On A Full-Blown Takeover
A public war of words between Tesla Inc. (NASDAQ:TSLA) and SpaceX CEO Elon Musk and Ryanair Holdings plc (NASDAQ:RYAAY) CEO Michael O’Leary has spilled into prediction markets.
On Friday, Bettors on Polymarket, a crypto-based prediction platform, are mullying the chances of Musk buying Ryanair.
🚨 NEW POLYMARKET: Will Elon Musk buy Ryan Air?https://t.co/8zLAql3WU4
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At the time of writing, the contract showed traders assigning just a 9% chance, with odds falling sharply over time and remaining firmly in single digits.
The declining trend and low trading volume indicate that market participants largely view a Musk-led Ryanair takeover as highly unlikely despite the high-profile Starlink feud.
Source: Polymarket
The bet follows an escalating dispute between Musk and O’Leary over Starlink, SpaceX’s satellite internet service for aircraft, which several major airlines have begun adopting.
Ryanair did not immediately respond to Benzinga’s request for comment.
The clash began after O’Leary dismissed Starlink’s value for Ryanair’s short-haul, no-frills model, telling Reuters that passengers on one-hour flights are unwilling to pay for Wi-Fi.
He said that they don’t think their passengers would be willing to pay for WiFi for an average one-hour flight, adding that installing Starlink would cost Ryanair between $200 million and $250 million annually.
Musk pushed back on X, writing that Ryanair would “lose customers to airlines that do have internet.”
Yup.
Also, they will lose customers to airlines that do have Internet.
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The SpaceX CEO also said, “I doubt they can even measure the difference in fuel use accurately, especially for a one hour flight, where the incremental drag is basically zero during the ascent phase due to high angle of attack.”
He is being misinformed. I doubt they can even measure the difference in fuel use accurately, especially for a one hour flight, where the incremental drag is basically zero during the ascent phase due to high angle of attack.
And compared to most other connectivity solutions,…
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