Overview
- Shares rallied 27.3% for the week through Thursday and notched fresh all‑time highs in December trading.
- Morgan Stanley raised EchoStar to overweight and lifted its price target to $110, citing stronger prospects for monetizing remaining spectrum.
- EchoStar has received a combined $11.1 billion in SpaceX stock this year from AWS‑4, H‑block and AWS‑3 spectrum sales.
- Bloomberg reported SpaceX may pursue a 2026 IPO around $1.5 trillion, though Elon Musk earlier said IPO reports were “not accurate.”
- The analyst note described spectrum as an appreciating asset and flagged likely interest from Verizon and T‑Mobile in EchoStar’s remaining paired AWS‑3 holdings, while EchoStar’s Hughes unit won a Pennsylvania managed‑services contract.