EchoStar Stock Is a Better Way to Own SpaceX, Citi Says
Citi says EchoStar stock doesn't fully reflect the value of the company's future SpaceX stake, leaving meaningful upside for investors.
Citi says EchoStar stock doesn't fully reflect the value of the company's future SpaceX stake, leaving meaningful upside for investors.
The satellite pay-TV broadcaster is preparing for chapter 11 as it faces regulatory scrutiny over its network build-out.
Expense ratios, sector weights, and portfolio size set these two small-cap value ETFs apart for investors comparing risk and diversification.
Key Takeaways Ticker Change: EchoStar Corporation is changing its Nasdaq stock ticker symbol from "SATS" to "ECHO" Effective Date: The new ticker will begin trading on June 24, 2026 Shareholder Impact: No action is required from current shareholders; ticker conversions will happen automatically Rationale: The stock ticker transition highlights EchoStar's expansion beyond traditional satellite services into a global connectivity brand ENGLEWOOD, Colo., June 22, 2026 (GLOBE NEWSWIRE) -- EchoStar Corporation, the parent company of DISH Network, Boost Mobile, Sling TV, and Hughes Network Systems, today announced that it will change its Nasdaq stock ticker symbol from "SATS" to "ECHO" to better represent the company's expanding lines of business.
Key Takeaways: SpaceX's IPO has created strong ETF demand across leveraged, active, and index-based strategies. The Procure Space ETF (UFO) remains central as the original pure-play space ETF, with its index methodology adapting for SpaceX.
EchoStar (SATS) has a sizeable stake in the newly public SpaceX (SPCX) – one that's being largely underappreciated by market participants, says New Street's senior analyst David Barden. In a recent note to clients, Barden raised his price target on the telecommunications firm to $165, indicating potential upside of an exciting 40% on its previous close.
Expand NASDAQ: SATS EchoStar Today's Change (-10.96%) $-14.05 Current Price $114.08 Key Data Points Market Cap $37B Day's Range $106.56 - $131.22 52wk Range $16.73 - $147.25 Volume 50.1M Avg Vol 7.1M Gross Margin 18.99% EchoStar (SATS 10.96%), a global provider of pay-TV services, broadband satellite technologies, and wireless communication services, closed Friday at $114.16, down 10.90%. The stock declined as profit-taking followed recent “SpaceX proxy” gains and renewed credit-risk concerns surfaced after a missed interest payment by its DISH DBS unit.
All Eyes on SpaceX IPO Today.
Currently valued between 1.75-2.00 trillion in market capitalization, today's IPO is underwritten by Goldman Sachs (GS) and is expected to raise $75 billion.
EchoStar Corp. (NASDAQ:SATS) shares are plunging on Friday after ripping higher Thursday when traders piled into SpaceX-linked names.
EchoStar Corp (NASDAQ:SATS) is down 4.8% at $120.10, paring some of yesterday's 11.2% rally as investors react to SpaceX's historic initial public offering (IPO).
Space takes over the stock market as investors gear up for rocket and AI company SpaceX's blockbuster trading debut.
SATS targets about $44.65B in transactions with AT&T and SpaceX to monetize spectrum, reduce debt and expand wireless offerings.
SATS' Wireless and Broadband gains lifted OIBDA and narrowed losses, even as Pay-TV and broadband subscriber declines persist.
I've been watching EchoStar (NASDAQ:SATS | SATS Price Prediction) for years as a slow-motion satellite story that never quite worked.
Explore how sector exposures and index strategies set these small-cap value ETFs apart for investors seeking different portfolio priorities.
Investors have multiple ways to get indirect exposure to SpaceX, even before the IPO.
SpaceX has officially filed its S-1 prospectus with the SEC, confirming plans to list on the Nasdaq under the ticker SPCX, with pricing expected on June 11 and public trading beginning as early as June 12, 2026. The offering aims to raise up to $75 billion at a valuation of approximately $1.75 trillion, which would make it the largest IPO in Wall Street history.
Short sellers are piling into a wide-ranging group of names, with the latest Benzinga Pro data showing elevated bearish positioning across 10 stocks spanning energy, crypto, AI and enterprise software.
EchoStar provides one of the few public market ways to get exposure to SpaceX before the IPO.