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ENGLEWOOD, Colo. , Sept. 11, 2025 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a meeting to discuss the company's new focus on Monday, September 15, 2025, at 10 a.m.
EchoStar has already sold a total of $40 million worth of wireless spectrum to SpaceX and AT&T, and it still has more spectrum to sell.
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EchoStar's spectrum sales to SpaceX and AT&T bring in $31.5B cash, $8.5B SpaceX equity, and $2B in interest payments covered. The deals leave EchoStar with valuable TV and broadband businesses, generating $1.39B EBITDA, suggesting the market undervalues the company. EchoStar's SpaceX equity stake could command a premium, offering rare public market exposure to SpaceX alongside ongoing commercial partnerships.
EchoStar (NASDAQ: SATS) has made one of the most extraordinary comebacks in recent times, with its stock price soaring nearly 200% over the past month. After facing years of difficulties due to substantial debt, regulatory scrutiny, and uncertainties regarding its spectrum holdings, the company now finds itself at the focus of Wall Street's interest.
Shares of satellite broadband and wireless company EchoStar (SATS 3.44%) rallied a whopping 89.6% in August, according to data from S&P Global Market Intelligence.
The telecom stock was bouncing back after the EchoStar, SpaceX deal put the sector under pressure to start the week.
Space stocks have had a busy week with earnings, major deals and even a downgrade.
The U.S. Federal Communications Commission will terminate its investigation into EchoStar's 5G buildout obligations in the country, according to a regulatory filing from the company on Tuesday.
Elon Musk's SpaceX has acquired $17 billion worth of EchoStar's wireless spectrum, dramatically boosting Starlink's satellite-to-cell coverage.