SATS Stock Recent News

SpaceX will acquire wireless spectrum from EchoStar for about $17 billion, in a deal that allows EchoStar to resolve a regulatory probe and pay down debt. Bloomberg's Kelcee Griffis speaks with Caroline Hyde and Ed Ludlow about how this could change the wireless market on “Bloomberg Tech.

SpaceX's $17 billion acquisition of AWS-4 and H-block wireless spectrum licenses from EchoStar (SATS) is shaking up the stock market today.

Late last month, shares in EchoStar Corporation (Nasdaq: SATS) entered the stratosphere. The stock jumped as much as 80% in premarket trading on August 26 after it was announced that the company would sell some of its wireless spectrum licenses to AT&T for $23 billion.

SpaceX will pay $17 billion to use EchoStar's (SATS) spectrum services. The company jumped to all-time highs on the announcement.

U.S. equities were higher at midday ahead of key inflation data coming this week. The Dow Jones Industrial Average, S&P 500, and Nasdaq all rose.

This deal between SpaceX and EchoStar will give SpaceX and Starlink the ability to provide connectivity directly with its satellite, reports Bloomberg's Caroline Hyde. -------- More on Bloomberg Television and Markets Like this video?

Oracle (ORCL) received price target hikes from Barclays, Morgan Stanley, and JPMorgan ahead of Tuesday's earnings. Sam Vadas notes bullish takes from the firms in A.I.

Shares of EchoStar jumped more than 17% on Monday after the telecommunications company unveiled a $17 billion deal with SpaceX to sell its AWS-4 and H-block spectrum licenses. The agreement marks the firm's second major spectrum transaction in recent weeks, further strengthening its balance sheet while advancing SpaceX's ambitions in satellite-powered mobile connectivity.

Shares of satellite communications company EchoStar (SATS 14.84%), owner of the Sling and Boost Mobile brands, soared by 18.2% through 10 a.m. ET Monday -- for reasons that have nothing to do with either Sling or Boost Mobile.

EchoStar (SATS) shares soared 20% Monday as the DISH TV and Boost Mobile operator sold some spectrum licenses to Elon Musk's rocket and satellite company SpaceX for about $17 billion. It's the second such major deal in two weeks as the company moved to alleviate pressures from federal regulators.