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EchoStar Rallies as Play on SpaceX IPO. There Could Be More Upside.
Barrons.com78d agoneutral
EchoStar Rallies as Play on SpaceX IPO. There Could Be More Upside.

EchoStar has emerged as one of the leading plays on SpaceX since the company got a 2%-plus stake in Elon Musk’s company in return for some of EchoStar’s spectrum. The IPO could value SpaceX at $1.5 trillion to $2 trillion, making it one of the more valuable companies in the world. EchoStar stock has doubled since the initial spectrum deal in September and finished Monday at $136.45, down 0.5% on the session.