EchoStar Stock Surges as FCC Approves $40 Billion Spectrum Sale to SpaceX and AT&T
AT&T buys 50 MHz for 5G ($23B) and SpaceX gets 65 MHz for Starlink direct-to-device ($17B).
AT&T buys 50 MHz for 5G ($23B) and SpaceX gets 65 MHz for Starlink direct-to-device ($17B).
Space stocks jump in premarket as reports say Elon Musk’s SpaceX plans to file for a massive $75B+ IPO as soon as this week. Rocket Lab, ASTS, and others rise on the news.
S&P Dow Jones announces March 2026 quarterly rebalance. Vertiv (VRT), Lumentum (LITE), Coherent (COHR), and EchoStar (SATS) join the S&P 500.
EchoStar jumps on fresh reports of SpaceX planning a massive confidential IPO filing as soon as March 2026, targeting a huge $1.75+ trillion valuation.
Blue Origin announces TeraWave, a global satellite network delivering up to 6 Tbps, targeting remote areas and enterprise users. Deployment starts in Q4 2027.
Morgan Stanley upgrades EchoStar after SpaceX deal. Shares jump on rising spectrum value and SpaceX IPO speculation.