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EchoStar Stock Jumps On Spectrum Sale To SpaceX. AST, Iridium Retreat. Globalstar Pops.
回声星通信回声星通信(US:SATS) Investors·2025-09-09 04:18

BREAKING: Futures Mixed But Oracle Skyrockets On Blowout Outlook EchoStar (SATS) stock surged on Monday after the Charlie Ergen-controlled company announced a spectrum sale to Elon Musk's SpaceX for approximately 17billion,including17 billion, including 8.5 billion in cash. SpaceX's Starlink satellite network plans to use the spectrum. Shares in AST SpaceMobile (ASTS) and Iridium Communications (IRDM) fell on the EchoStar-SpaceX deal. Starlink, AST and Iridium compete in providing space-based cellular broadband networks, di ...