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Echostar

All articles tagged with #echostar

SpaceX's Starlink Satellite Encounters Orbit Anomaly and Debris Loss
business2 months ago

SpaceX's Starlink Satellite Encounters Orbit Anomaly and Debris Loss

SpaceX lost contact with a Starlink satellite, which is expected to reenter Earth's atmosphere within weeks, while Intuitive Machines received an overweight rating from KeyBanc and surged over 23% on near-term growth prospects. EchoStar's stock rallied nearly 40% in December amid plans for SpaceX's IPO, which could value the space company at $1.5 trillion, and the company benefits from spectrum sales and strategic partnerships. Overall, the space sector is experiencing notable developments and stock movements.

EchoStar Advances Spectrum Deals Amid SpaceX Competition
technology4 months ago

EchoStar Advances Spectrum Deals Amid SpaceX Competition

EchoStar has met regulatory conditions to retain rights to its global S-band spectrum, which it is selling to SpaceX in a deal worth over $17 billion. This milestone allows SpaceX to use the spectrum to significantly boost its direct-to-device services, including its Starlink broadband constellation, with tests expected to start soon. The deal, pending FCC approval, marks a key step in expanding satellite-based connectivity, especially in rural areas.

SpaceX's $17 Billion Spectrum Acquisition Boosts Starlink's 5G and Direct-to-Cell Vision
space5 months ago

SpaceX's $17 Billion Spectrum Acquisition Boosts Starlink's 5G and Direct-to-Cell Vision

SpaceX has purchased $17 billion worth of satellite spectrum from EchoStar to enhance its Starlink direct-to-cell service, enabling better mobile connectivity worldwide and increasing satellite throughput up to 20 times. The deal also resolves regulatory issues and ends EchoStar's plans for its own LEO satellite constellation, while providing EchoStar with financial relief and integration opportunities.

SpaceX's $17 Billion Spectrum Purchase from EchoStar Boosts Stock
business5 months ago

SpaceX's $17 Billion Spectrum Purchase from EchoStar Boosts Stock

EchoStar's stock surged 18% after selling spectrum to SpaceX for $17 billion, which will enhance Starlink's satellite network and benefit EchoStar's wireless business, while shares of AST SpaceMobile and Iridium declined. The deal includes SpaceX funding debt payments and developing next-generation satellites, potentially benefiting T-Mobile and impacting other satellite operators.

EchoStar Sells Spectrum and Partners with SpaceX
business5 months ago

EchoStar Sells Spectrum and Partners with SpaceX

EchoStar is selling its AWS-4 and H-block spectrum licenses to SpaceX for approximately $17 billion, enabling SpaceX to develop next-generation Starlink Direct-To-Cell satellites and improve global coverage, while EchoStar uses the proceeds to reduce debt and fund growth. The deal includes a long-term commercial agreement allowing EchoStar's Boost Mobile customers to access SpaceX's satellite service, and is expected to resolve FCC inquiries.

EchoStar's $23B Spectrum Sale to AT&T Sparks Industry Shift
business6 months ago

EchoStar's $23B Spectrum Sale to AT&T Sparks Industry Shift

Elon Musk's Starlink and T-Mobile are interested in acquiring spectrum licenses from EchoStar, which owns underused airwaves. T-Mobile is negotiating for some of EchoStar's licenses, while Starlink aims to build its own network to compete with major US carriers. The spectrum sale is part of broader efforts to utilize unused public airwaves and could significantly impact the US telecom landscape.

Stock Market Steady Amid Trump’s Fed Shakeup
business6 months ago

Stock Market Steady Amid Trump’s Fed Shakeup

The stock market experienced mixed movements with the Dow wavering after President Trump fired Fed Governor Lisa Cook, while EchoStar surged over 75% on a spectrum license deal with AT&T, and Nvidia continued its gains. Other notable movements included Heico's strong earnings, Tesla's slight decline after a rally, and housing data showing a slowdown in price increases. Market sentiment remains cautious amid geopolitical and economic developments.

EchoStar's $23 Billion Spectrum Sale to AT&T Advances with FCC Approval Pending
business6 months ago

EchoStar's $23 Billion Spectrum Sale to AT&T Advances with FCC Approval Pending

AT&T has agreed to purchase $23 billion worth of spectrum licenses from EchoStar, pending FCC approval, which could strengthen AT&T's 5G and broadband services. The deal has positively impacted both companies' stock prices, with EchoStar reaching a record high. The acquisition includes mid-band and low-band spectrum, and expands EchoStar's wholesale network services, potentially increasing competition in the wireless market.