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EchoStar (ECHO) Names Jeffrey Blum Acting Chief Legal Officer After Dean Manson Exit
Simply Wall St.38d agoneutral
EchoStar (ECHO) Names Jeffrey Blum Acting Chief Legal Officer After Dean Manson Exit

EchoStar announced that Chief Legal Officer Dean Manson is stepping down after 26 years with the company. Executive Vice President of Government Affairs Jeffrey Blum has been named Acting Chief Legal Officer. The transition affects leadership of EchoStar’s legal, compliance, and corporate governance functions. EchoStar, listed as NasdaqGS:ECHO, is making this change while its stock trades around $97.30 per share. The move comes after a period where the stock has been highly active,...

EchoStar (ECHO) Stock After Recent Pullback Is The Rally Running Out Of Steam
Simply Wall St.39d agobullish
EchoStar (ECHO) Stock After Recent Pullback Is The Rally Running Out Of Steam

If you are wondering whether EchoStar at around US$97.30 is still offering value after a strong run, this article focuses squarely on what the current price might be implying. The stock has pulled back recently, with the share price down 10.9% over the last week and 20.5% over the last month, even though it is still up 237.7% over the past year and has delivered a very large multi year return. Recent coverage around EchoStar has centered on its position in the media and communications space...

The SpaceX $17 billion spectrum buy finally makes sense
TheStreet39d agobullish
The SpaceX $17 billion spectrum buy finally makes sense

SpaceX spent close to two years and nearly $20 billion buying wireless spectrum licenses that had nothing to do with rockets or satellite broadband. Analysts struggled to explain why a space company needed land-based mobile spectrum at all. That question now has an answer, and it puts the country’s ...

Musk's SpaceX targets US consumers with Starlink mobile service push, FT reports
Reuters40d agoneutral
Musk's SpaceX targets US consumers with Starlink mobile service push, FT reports

Elon Musk's SpaceX has ‌told investors ‌that it plans to ​launch a Starlink mobile service for U.S. consumers, the Financial ‌Times ⁠reported on Friday, citing people familiar ⁠with the matter. SpaceX was considering ​launching a ​Starlink ​retail product ‌and could build its own terrestrial U.S. mobile network, President Gwynne Shotwell told ‌investors during ​a recent ​IPO ​roadshow, according ‌to the FT ​report. Reuters ​could not immediately verify the report.

Is EchoStar Corporation (SATS) A Good Stock To Buy Now?
Insider Monkey44d agobullish
Is EchoStar Corporation (SATS) A Good Stock To Buy Now?

Is SATS a good stock to buy? We came across a bullish thesis on EchoStar Corporation on r/ValueInvesting by OddAbbreviations7835. In this article, we will summarize the bulls’ thesis on SATS. EchoStar Corporation’s share was trading at $109.17 as of June 18th. SATS’s forward P/E was 2.03 according to Yahoo Finance. EchoStar Corporation provides pay-tv services in […]

EchoStar’s Spectrum Sales And New SpaceX Stake Reframe Investment Story
Simply Wall St.52d agoneutral
EchoStar’s Spectrum Sales And New SpaceX Stake Reframe Investment Story

EchoStar (NasdaqGS:SATS) has received FCC approval for major spectrum sales to SpaceX and AT&T. The transactions include cash proceeds and a sizeable equity stake in SpaceX as part of the consideration. Completion of these deals coincides with SpaceX's historic IPO, which now directly influences EchoStar's asset mix and valuation drivers. EchoStar's stock, NasdaqGS:SATS, closed at $114.08, with very large gains over the past year and past three years, and a strong move over five years. More...

SpaceX stock gains, space companies fall, chips mixed on IPO news
Yahoo Finance Video53d agobearishVIDEO
SpaceX stock gains, space companies fall, chips mixed on IPO news

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 Is Falling as SpaceX Surges. Why the Stock Looks Cheap.
Barrons.com54d agobullish
EchoStar Is Falling as SpaceX Surges. Why the Stock Looks Cheap.

SpaceX play EchoStar is down sharply Friday even as SpaceX stock surges in its initial day of trading. The surprising disparity creates an opportunity for investors willing to buy a SpaceX proxy at what appears to be a sizable discount to its net asset value. EchoStar stock (ticker SATS ) is down 11.4% at $113.52 Friday after trading in a wide range between $106 and $131.