The EchoStar unit is preparing for chapter 11 as soon as Tuesday, as it faces regulatory scrutiny over its network build-out.
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EchoStar’s SpaceX-linked upside remains a draw, but investors are now focused on whether AT&T spectrum proceeds arrive in time to ease the DISH DBS payment pressure.
Shares of satellite communications company EchoStar (NASDAQGS:SATS) fell 7% in the morning session after investors reacted to the historic initial public offering (IPO) of SpaceX.
Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's top trending tickers, including the momentum driving SpaceX (SPCX) shares in Friday's session after the company's IPO, the impact it is having on other space stocks Virgin Galactic (SPCE) and Rocket Lab (RKLB), and how semiconductor stocks such as Micron Technology (MU) and Nvidia (NVDA) are moving on the historic public offering.
EchoStar stock has been struggling lately and it could bode ill for the coming SpaceX initial public offering on Thursday. SpaceX is one the best proxies for SpaceX because the satellite company reached a deal last year to sell spectrum to SpaceX in return for about 2% of SpaceX stock—some 262 million shares. EchoStar stock has nearly doubled since the first of two spectrum deals was reached with SpaceX in September.
Small-cap stocks in the Russell 2000 (^RUT) can be a goldmine for investors looking beyond the usual large-cap names. But with less stability and fewer resources than their bigger counterparts, these companies face steeper challenges in scaling their businesses.
This telecom provider delivers wireless, broadband, and cloud-based services to millions of U.S. consumers and businesses nationwide.
Running at a loss can be a red flag. Many of these businesses face mounting challenges as competition increases and funding becomes harder to secure.
Satellite cable pioneer Charlie Ergen made a big bet on spectrum, and eventually found a buyer in SpaceX. And the stock portion of that deal could be huge.