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Why EchoStar Rocketed Higher in August

Key Points EchoStar sold a tranche of wireless spectrum to AT&T for 23billion.ThetransactionwipedoutEchoStarsdebtandhighlightedthehiddenvalueofitsspectrumassets.AsthecalendarflippedtoSeptember,EchoStarmadea23 billion. The transaction wiped out EchoStar's debt and highlighted the hidden value of its spectrum assets. As the calendar flipped to September, EchoStar made a 17 billion transaction with SpaceX, taking $8.5 billion in the company's shares as part of it. 10 stocks we like better than EchoStar › Shares of satellite broadband and wireless company EchoStar (NASDAQ: SATS) rallied a whopping 89.6% in August, according to data f ...