EchoStar’s Stock Spike: A Love Letter to the Market (And a Side of SpaceX)

If you think I’m excited about EchoStar’s stock move today, wait until you hear me talk about my dating life. On Tuesday, EchoStar (SATS) was still riding the high of its $19 billion spectrum deal with SpaceX-because nothing says “I’m not a fraud” like partnering with a man who tweets about Mars at 3 a.m. Investors, clearly desperate for any glimmer of hope, clung to this starry-eyed narrative like a sobbing ex to a voicemail. And let’s not forget the analysts, who upgraded the stock with the enthusiasm of a junkie spotting a $20 bill in a parking lot.

By closing time, EchoStar had climbed nearly 4%, while the S&P 500 sulked at 0.3%. The market’s basically saying, “Sure, why not? At least this one’s not owned by a toaster.”

Only the beginning? Or the beginning of the end?

Deutsche Bank, that paragon of financial integrity, decided to play matchmaker. Their analysts cranked their price target to $102-a 52% leap-from $67. Because nothing says “trust me” like a bank that once bet against the housing market and lost. Their reasoning? The “blockbuster” deal, which they claim will net EchoStar $14.4 billion post-tax. Cash and SpaceX equity-because why not let investors gamble on whether Starlink will ever turn a profit?

But here’s the kicker: Deutsche also hinted that EchoStar’s AWS-3 portfolio could fetch another $9.9 billion. And who’s the likely buyer? Verizon, of course. Because nothing says “strategic” like selling spectrum to a telecom giant with the agility of a sloth on Prozac.

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A shift might be coming-or not. Who knows?

If this is EchoStar’s grand plan-sell everything and hope SpaceX doesn’t implode-it’s either genius or a cry for help. The sell-off raises the obvious question: What’s left? A shell company with a really cool logo? Investors, I’m begging you, lean in when management speaks. Because if this is a pivot, it’s the kind that ends with a PowerPoint slide titled “Apologies, We’ve Hosed You.”

But hey, at least the stock’s up. And isn’t that all that matters? 🚀

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2025-09-10 02:18