Apr. 26 at 5:57 PM
$IEP $CVI EchoStar
$SATS -3.20%is another way to indirectly invest in SpaceX. The satellite-communications company has agreed to sell
$20 billion worth of spectrum to SpaceX. The deal is supposed to close by November 2027, and in it, @SpaceX will pay EchoStar up to
$11 billion worth of its class A common stock. Regarding the skyhigh valuation number commanded by SpaceX right now, EchoStar CEO Charles Ergen said “I don’t think any amount of valuation is probably crazy there.” EchoStar shares are up 422% in the last year.
$IEP Carl Icahn unit fund owns
$365M worth of
$SATS $IEP also has surprise in the wind at
$CVI Oil Refinery & AI Energy stocks
$AEP and
$CTRI both going gang busters.
$IEP pays 2/shr dividend & is squeeze waiting to surprise short sellers with 28% float shorted.
