Jul. 17 at 9:17 PM
EchoStar may warrant renewed investor attention after a volatile period, according to analysts, as the company remains one of the few publicly traded proxies for SpaceX. EchoStar's shares surged late last year following multi-billion-dollar spectrum-rights transactions with AT&T and SpaceX. Under its agreement with SpaceX, EchoStar received common shares of the aerospace company, giving investors indirect exposure to one of the world's most valuable private enterprises. Its SpaceX stake was valued at approximately
$34.4 billion as of Thursday.
EchoStar's stock has largely traded in tandem with SpaceX in recent months, declining alongside the aerospace company's shares following the post-IPO pullback. However, analysts believe the recent weakness may have created an attractive entry point, particularly given the substantial value of its SpaceX holdings relative to EchoStar's market capitalization.
$ECHO $T $SPCX