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Stock impact report

EchoStar Becomes SpaceX Proxy As S&P 500 Inclusion Draws Investors [Yahoo! Finance]

EchoStar Corporation - Common stock (SATS) 
Last echostar corporation - common stock earnings: 2/20 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.echostar.com/investors
Company Research Source: Yahoo! Finance
EchoStar (NasdaqGS:SATS) has agreed to sell a large portion of its wireless spectrum to SpaceX, with much of the consideration paid in SpaceX common stock. The transaction deepens EchoStar's financial and operational ties to SpaceX and links part of its future value to SpaceX's performance. EchoStar has also been added to the S&P 500 index, increasing its visibility with index funds and institutional investors. For investors watching SpaceX from the sidelines, EchoStar now sits in an unusual spot. With a current share price of $115.21 and a very large 1 year return, NasdaqGS:SATS has already attracted attention, and its new role as a partial proxy for SpaceX adds another layer to the story. The S&P 500 inclusion puts EchoStar in front of more index linked capital, which can support trading liquidity and keep it on more institutional radars. Looking ahead, EchoStar's closer alignment with SpaceX and its position inside a major index mean news around a potential SpaceX IPO is l Show less Read more
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