EchoStar's SpaceX Stake Seen Driving Long-Term Value -- Market Talk

1451 ET - EchoStar's stake in SpaceX will drive a majority of its value, UBS analysts say, upgrading the stock to buy. EchoStar will hold a 2% stake in SpaceX once its pending spectrum transaction closes, which is expected in November 2027, the analysts say. EchoStar got the shares at a pre-IPO price, but the stake is now worth $39 billion at the current stock price, the analysts say. EchoStar is also likely to record $31.5 billion in cash proceeds from its spectrum deals with AT&T and SpaceX, which the analysts think will be used to pay off debt and make future investments.(katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

September 08, 2026 14:52 ET (18:52 GMT)