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INSANE: 2 | Vintage Vibes

SpaceX buys $17 billion worth of satellite spectrum to beef up Starlink broadband service

SpaceX just bought $17 billion worth of satellite spectrum from debt-ridden operator EchoStar to enhance Starlink direct-to-cell phone connectivity.

Space

Space Stock Tracker: Planet Labs Q2, EchoStar SpaceX Deal, AST SpaceMobile Downgrade

Space stocks have had a busy week with earnings, major deals and even a downgrade.

Benzinga

Stocks Settle Higher as Bond Yields Fall and Chip Makers Climb

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.46%. September E-mini S&P futures (ESU25 ) rose +0.25%, and September E-mini Nasdaq futures...

Barchart

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Options Corner: Why 'Third Wheel' AST SpaceMobile Can Turn Things Around

It's impossible to be happy when your competitors ink a potentially groundbreaking deal, as satellite designer and manufacturer AST SpaceMobile, Inc. (NASDAQ:ASTS) is finding out firsthand. With SpaceX and EchoStar Corp. (NASDAQ:SATS) signing a spectrum agreement valued at approximately $17 billion, AST found itself as the third wheel. Subsequently, ASTS…

Benzinga

Globalstar (GSAT) Stock Is Soaring Monday: What's Going On?

Shares of Globalstar, Inc. (GSAT) are surging Monday, riding a wave of investor enthusiasm following the blockbuster announcement that SpaceX will acquire EchoStar’s AWS-4 and H-block spectrum licenses for approximately $17 billion.

Benzinga

Stocks Supported by Hopes of Fed Rate Cuts

The S&P 500 Index ($SPX ) (SPY ) today is up +0.35%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. September E-mini S&P futures (ESU25 ) are up +0.35%, and September E-mini Nasdaq futures...

Barchart

Stocks Mostly Higher on Fed Easing Prospects

The S&P 500 Index ($SPX ) (SPY ) today is up +0.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.58%. September E-mini S&P futures (ESU25 ) are up +0.18%, and September E-mini Nasdaq futures...

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Elon Musk's SpaceX Acquires EchoStar Spectrum To Transform Global Satellite Connectivity

EchoStar Corporation (NASDAQ:SATS) announced on Monday that it would sell its AWS-4 and H-block spectrum licenses for approximately $17 billion to Elon Musk’s SpaceX.

Benzinga

These Analysts Boost Their Forecasts On EchoStar

EchoStar Corp (NASDAQ:SATS) shares rose sharply during Wednesday's session, driven by a landmark $23 billion deal to sell a significant portion of its wireless spectrum portfolio to ATT Inc (NYSE:T).

Benzinga

EchoStar Stock Skyrockets On $23 Billion AT&T Deal And Reports Of Further Suitors

Shares of EchoStar Corp (NASDAQ:SATS) are trading higher again during Wednesday’s session, driven by a landmark $23 billion deal to sell a significant portion of its wireless spectrum portfolio to ATT Inc (NYSE:T).

Benzinga

From Debt to Liftoff: EchoStar's $23 Billion Catalyst

EchoStar's landmark spectrum sale to AT&T provides a massive cash infusion to clear its debt and fund a new era of growth in satellite connectivity.

MarketBeat

AT&T CFO: $23 billion deal with EchoStar to deliver 'attractive returns' and power 5G expansion

"This transaction is good for both consumers and competition across our industry, which aligns with the administration’s priorities," Pascal Desroches says.

Fortune

EchoStar Stocks Surges: Why This Telco Company Is Winning Following Massive $23 Billion Deal From AT&T

Shares soared between 76% and 80%, reaching fresh highs near $53-$55 (£39.33-£40.81), with pre-market jumps of over 58% before trading opened today.

International Business Times UK

EchoStar Stock Continues To Rise: What's Driving The Momentum?

EchoStar Corp (NASDAQ:SATS) shares soared during regular trading hours on Tuesday. The stock is continuing to climb in after-hours following reports that Starlink and T-Mobile US Inc (NASDAQ:TMUS) may be interested in a potential deal.

Benzinga

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EchoStar Is Surging on a $23 Billion Wireless Deal. Should You Buy SATS Stock Here?

EchoStar stock skyrockets after announcing a wireless spectrum licenses deal with AT&T. But SATS shares remain unattractive to own at current levels.

Benzinga

EchoStar (SATS) Stock Soars Over 70% On $23 Billion AT&T Spectrum Deal

Shares of EchoStar Corp (NASDAQ:SATS) are skyrocketing Tuesday, climbing over 70% after the company announced a definitive agreement to sell a portfolio of its wireless spectrum licenses to ATT Inc (NYSE:T) in a $23 billion all-cash transaction.

Benzinga

AT&T Expands 5G Empire With $23 Billion EchoStar Spectrum Acquisition

EchoStar Corp. (NASDAQ:SATS) shares climbed on Tuesday after ATT Inc. (NYSE:T) revealed plans to purchase spectrum licenses worth $23 billion in an all-cash transaction.

Benzinga

Elon Musk's Starlink-Powered T-Satellite Aims To End Dead Zones — But Expert Warns: 'This Will Bite T-Mobile' After 12-Month Deal Ends

T-Mobile US Inc.‘s (NASDAQ:TMUS) newly launched T-Satellite service, powered by Elon Musk's Starlink, could backfire on the telecom giant once a speculated 12-month exclusivity deal ends, highlights Peter Adderton, the founder of MobileX and Boost Mobile.

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Benzinga

EchoStar Shares Surge After Interest Payments Avert Default, Trump Urges FCC Resolution

EchoStar Corporation (NASDAQ:SATS) shares are trading higher Friday after the company confirmed President Trump encouraged it and the FCC chair to reach a deal over its wireless spectrum licenses and a report that stated EchoStar is making delayed interest payments, averting default.

Barchart

Trump Is Getting Involved in the EchoStar-FCC Fight. Should You Buy SATS Stock Now?

EchoStar stock is soaring as President Trump urges the company to cut a deal with the FCC. Deutsche Bank sees significant further upside in SATS shares to $42.

International Business Times

DirecTV Terminates Dish Deal After Bondholders Reject Debt Swap Proposal

DirecTV has terminated its agreement to acquire Echostar following disagreement on debt exchange.

International Business Times

DirecTV-Dish Merger In Jeopardy: Here's The Issue

Dish bondholders rejected DirecTV's revised offer on Monday which lowered the minimum loss on $8.9 billion of bonds

Broadcasting & Cable

Will DirecTV and Dish Finally Merge? 'It's Hard to Imagine That Regulators Would Block This Deal,' Analyst Says

But a lack of synergy between the two satellite TV units could render this deal, anticipated for decades, inconsequential, says one analyst

Broadcasting & Cable

Death Spiral? EchoStar’s Already-Hammered Stock Has Dropped 14% Since Friday’s Earnings Report

Analyst predicts satellite company will file for bankruptcy by the end of the year

Multichannel News

Dish and Sling TV Revenue Collapses, Down a Record 10% in Q2

This might be the other shoe dropping for Charlie Ergen’s near-bankrupt parent company, EchoStar

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