NASDAQ:SATS 19 September 2025

Breaking·Business·NASDAQ:SATS·News·Space·Technology

EchoStar Faces $40 Billion Test After SpaceX, AT&T Deals

EchoStar shares closed Friday at $129.19, down 1.4% but up 4.9% for the week, with 8.6 million shares traded. The FCC approved EchoStar’s $40 billion spectrum sale to SpaceX and AT&T on May 12, requiring a $2.4 billion escrow. First-quarter revenue fell to $3.67 billion, with a net loss of $146.9 million and declines in pay-TV and broadband subscribers.

June 1, 2026

5G Technology·NASDAQ:SATS·News·NYSE:T·Telecommunications

Shockwaves in 5G: SpaceX’s $17 Billion Spectrum Coup, EU Nixes ‘Big Tech Tax’, Trump’s 5G Surprise

SpaceX agreed to buy $17 billion in wireless spectrum licenses from EchoStar to expand Starlink’s 5G services. U.S. regulators ended a probe into EchoStar’s 5G rollout after this deal and a related $23 billion sale to AT&T. The UK launched its largest 5G spectrum auction, while Turkey set October 16 for its own 5G auction. Malaysia’s U Mobile activated a second 5G network, and Vodafone Idea expanded 5G in India.

September 19, 2025

Elliott Management Takes $1 Billion Stake in Northern Star, Pressures Gold Miner
June 1, 2026, 3:41 PM EDT. Elliott Investment Management, a leading activist hedge fund, has acquired a $1 billion stake in Northern Star, the ASX-listed gold miner. The move increases pressure on chairman Michael Chaney amid shareholder frustration over recent production cuts that slashed $17 billion in market value. Elliott's aggressive approach signals potential strategic changes as Northern Star faces calls for improved performance following a missed opportunity amid surging gold demand.