In a rather surprising move that could have notable Wall Street implications, Apple (AAPL) has partnered with both T-Mobile and SpaceX as the stock jumped as much as 3% early Wednesday morning. Indeed, the partnership now means that iPhones will be able to test Starlin’s direct-to-cell capability, according to a Bloomberg report
T-Mobile and SpaceX are working to test a Starlink cell network after getting federal approval late last year. Now, Apple has joined the process that had only sought Android devices listed. Moreover, the collaboration comes in what could be a critical year for the iPhone developers’ stock price.
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Apple Joins Starlink Test Project With T-Mobile, Elon Musk’s SpaceX
It is poised to be an interesting year for Apple (AAPL) and its stock price. The company entered 2025 with high hopes. It had debuted AI tools for its product line, but the response was not what the company had hoped. Moreover, it has continued to lose market share in China, with the share price indicating some hesitancy from investors.
However, a recent development saw shares increase slightly. Indeed, Apple is set to partner with T-Mobile and SpaceX for a project that saw AAPL increase 3% in value. That was short-lived, as shares dropped less than 1% when trading opened. However, the project and Apple’s involvement are certainly promising.
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Bloomberg noted that the three companies had been quietly working to integrate support for the Starlink network in its latest update. That has come to fruition, as T-Mobile has listed the iPhone’s latest 18.3 iOS as eligible.
The move comes as Apple has struggled in the first month of 2025. According to CNN Data, the stock currently has a neutral rating and is expected to perform in line with the market over the next 12 months.
Additionally, of 52 surveyed analysts, only 62% have a buy rating on the stock. Alternatively, 29% have issued a hold rating, while 10% have called to sell. With a $300 high-end price forecast, there is still notable potential for the company. However, it currently holds a median target of $250, just 5% above its current position.