EchoStar

ECHO

Market cap $28.2B

The many space stocks that rocketed higher ahead of the SpaceX IPO earlier this month have since fallen back down to earth. On average, these stocks were up 99% year-to-date at the close on June 11th when SpaceX priced its shares at $135. Along with SpaceX still being up 14.5% from its IPO price, just one other stock out of 28 is up since the SPCX IPO.

Key Takeaways Ticker Change: EchoStar Corporation is changing its Nasdaq stock ticker symbol from "SATS" to "ECHO" Effective Date: The new ticker will begin trading on June 24, 2026 Shareholder Impact: No action is required from current shareholders; ticker conversions will happen automatically Rationale: The stock ticker transition highlights EchoStar's expansion beyond traditional satellite services into a global connectivity brand ENGLEWOOD, Colo., June 22, 2026 (GLOBE NEWSWIRE) -- EchoStar Corporation, the parent company of DISH Network, Boost Mobile, Sling TV, and Hughes Network Systems, today announced that it will change its Nasdaq stock ticker symbol from "SATS" to "ECHO" to better represent the company's expanding lines of business.

Key Takeaways: SpaceX's IPO has created strong ETF demand across leveraged, active, and index-based strategies. The Procure Space ETF (UFO) remains central as the original pure-play space ETF, with its index methodology adapting for SpaceX.

EchoStar (SATS) has a sizeable stake in the newly public SpaceX (SPCX) – one that's being largely underappreciated by market participants, says New Street's senior analyst David Barden. In a recent note to clients, Barden raised his price target on the telecommunications firm to $165, indicating potential upside of an exciting 40% on its previous close.

ViaSat and Iridium have racked up huge gains on expectations they can sell their valuable spectrum but the clock is ticking.

Expand NASDAQ: SATS EchoStar Today's Change (-10.96%) $-14.05 Current Price $114.08 Key Data Points Market Cap $37B Day's Range $106.56 - $131.22 52wk Range $16.73 - $147.25 Volume 50.1M Avg Vol 7.1M Gross Margin 18.99% EchoStar (SATS 10.96%), a global provider of pay-TV services, broadband satellite technologies, and wireless communication services, closed Friday at $114.16, down 10.90%. The stock declined as profit-taking followed recent “SpaceX proxy” gains and renewed credit-risk concerns surfaced after a missed interest payment by its DISH DBS unit.

All Eyes on SpaceX IPO Today.

Currently valued between 1.75-2.00 trillion in market capitalization, today's IPO is underwritten by Goldman Sachs (GS) and is expected to raise $75 billion.

EchoStar Corp. (NASDAQ:SATS) shares are plunging on Friday after ripping higher Thursday when traders piled into SpaceX-linked names.

EchoStar Corp (NASDAQ:SATS) is down 4.8% at $120.10, paring some of yesterday's 11.2% rally as investors react to SpaceX's historic initial public offering (IPO).