EchoStar has sold another $2.6 billion in spectrum to Elon Musk's SpaceX, giving the wireless and pay-TV company a stake of about 3% that is currently worth $11 billion. The transaction, announced Thursday along with the company's third-quarter results, builds on a $17 billion spectrum deal between the companies last September.
Although the revenue and EPS for EchoStar (SATS) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
EchoStar's third-quarter loss widened due to lower revenue and a charge on its multibillion-dollar sales of wireless spectrum, and the company appointed a new CEO.
EchoStar (SATS) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of a loss of $1.23 per share. This compares to a loss of $0.52 per share a year ago.
EchoStar said it would sell a set of wireless spectrum licenses to SpaceX for about $2.6 billion in exchange for stock in the space startup, expanding on the $17 billion deal the companies struck in September.
EchoStar's Hughes unit partners with Celona to launch a fully managed private 5G network, boosting secure, high-performance connectivity for Industry 4.0.
EchoStar (SATS) shares rose Tuesday morning following a report the satellite TV and mobile phone provider is in talks to sell more of its wireless spectrum, this time to Verizon Communications (VZ).
EchoStar Corp shares gained over 4% to $76.74 on Tuesday after reports emerged that the company is in talks to sell a portion of its wireless spectrum to Verizon Communications. The discussions centre around EchoStar's AWS-3 licenses, which are considered valuable for delivering 5G services, Bloomberg reported.
The U.S. Federal Communications Commission will terminate its investigation into EchoStar's 5G buildout obligations in the country, according to a regulatory filing from the company on Tuesday.
U.S. equities were higher at midday ahead of key inflation data coming this week. The Dow Jones Industrial Average, S&P 500, and Nasdaq all rose.
Satsuma Technology PLC (LSE:SATS) has amassed a Bitcoin holding worth almost £100 million, underscoring its strategy of combining artificial intelligence services with digital asset reserves. The London-listed group said it held 1,149 Bitcoin, valued at £99.6 million as of 8 August, alongside £54 million of cash and equivalents.
At the end of August, the market delivered a swift and decisive verdict on EchoStar Corporation NASDAQ: SATS. In a single trading session, this legacy stock in the communication sector surged over 75%, increasing its market capitalization by billions within hours.