$ECHO

SpaceX (SPCX) acquired AWS-4 and H-block licenses from EchoStar (ECHO) for $17B, with up to $8.5B in SpaceX stock valued at $212/share. EchoStar gains exposure to SpaceX's mobile and AI businesses. Elon Musk suggested SpaceX could acquire a legacy telco, with EchoStar as a potential target. AT&T (T), Verizon (VZ), and T-Mobile (TMUS) face new competition. Boost Mobile, owned by EchoStar, may be impacted.

Wall William P purchased 1,000 shares of EchoStar CORP (ECHO) at $90.41 on 2026-11-05.

EchoStar (ECHO) stock dropped 8.8% on November 5, 2026, amid a broader market sell-off. The company holds 261.8 million SpaceX shares, $13.97 billion in cash, and has $9.67 billion in debt. Management attributes much of its value to SpaceX. The decline was larger than the S&P 500's 4.4% drop but not as severe as the Nasdaq's 5.5% fall.

UBS kept its Buy rating on EchoStar but increased its price target to $160 from $150, a 6.7% rise. This implies a 62.2% upside from the Nov 4 close of $98.62.

Morgan Stanley kept its Overweight rating on EchoStar but reduced its price target to $132 from $134, suggesting a 29.5% upside from the Nov 3 close of $101.94.

EchoStar (ECHO) reported Q3 EPS of $7.97, beating estimates by $7.80, but revenue of $1.13B missed expectations of $3.47B. The stock is up 13.22% in 3 months and 38.73% in 12 months, closing at $101.94. InvestingPro rates its financial health as 'fair performance'.

EchoStar CORP (ECHO) filed an SEC Form 8-K — Submission of Matters to a Vote of Security Holders. Item 5.07. Submission of Matters to a Vote of Security Holders. On October 30, 2026, EchoStar held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”). The following matters were voted upon at the Annual Meeting: a. The election of George R. Brokaw, James DeFranco, R.

Crypto markets increased the probability that SpaceX (NASDAQ: SPCX) will launch a U.S. mobile phone plan by June 2024, citing talks with EchoStar (NASDAQ: ECHO), parent of Boost Mobile. SpaceX shares rose 0.61% in after-hours trading, closing at $136.37. Benzinga ranks SPCX in a weak price-trend category.

EchoStar stock rose 3.6% in pre-market trading after reports that SpaceX is considering acquiring or leasing Boost Mobile's network. Analysts from JPMorgan and Morgan Stanley rate the stock Overweight with price targets of $144 and $134, respectively, citing its spectrum assets and SpaceX exposure. EchoStar's Q3 2026 earnings are expected on November 5. The broader market also saw gains, with the S&P 500 and Nasdaq up 0.6% and 0.9%, respectively.

JPMorgan upgraded EchoStar (ECHO) to Overweight with a $144 price target, citing a 67% upside potential. The firm believes EchoStar's sales of spectrum to SpaceX and AT&T alleviate financial pressure and provide a significant stake in SpaceX. EchoStar's value is now tied to SpaceX shares, remaining spectrum, and other assets, according to JPMorgan. The bank sees EchoStar as an undervalued investment opportunity in the telecom sector.