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EchoStar Soars on SpaceX IPO Speculation and Spectrum Deal Leverage

EchoStar Soars on SpaceX IPO Speculation and Spectrum Deal Leverage

Author:

Global Cryptocurrency

Published:

2025-12-10 12:38:02

11

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BTCCSquare news:

EchoStar shares surged 6% to $93.54 following Bloomberg's report of SpaceX's potential 2026 IPO. The satellite communications firm holds $8.5 billion in SpaceX stock from a September spectrum license deal, effectively tethering its valuation to Elon Musk's space venture.

Morgan Stanley's upgrade to Overweight with a $110 target highlights EchoStar's undervalued AWS-3 spectrum assets. Meanwhile, New Street Research boosted its price target to $125 after SpaceX's rumored $800 billion valuation—double its September worth.

The stock has gained 20% in December alone and 308% year-to-date, reflecting investor appetite for SpaceX exposure through EchoStar's unique position as a proxy holding.

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