Back

EchoStar Shares Surge 14% Following $17 Billion Deal with SpaceX

The satellite services provider sees a significant increase in stock value after announcing its partnership with SpaceX, valued at $17 billion.

Summary

EchoStar shares spiked by more than 14% after the company revealed a $17 billion deal with SpaceX. The partnership marks a major development for EchoStar, enhancing its satellite services portfolio.

Terms & Concepts
  • EchoStar: A global provider of satellite services, specializing in communication and broadband solutions.
  • SpaceX: An American aerospace manufacturer and space transportation company, founded by Elon Musk, known for advancing space exploration and satellite deployment.