TLDR
- EchoStar (SATS) stock hit an all-time high of $85.83, climbing 262.5% over the past year
- The stock jumped 12% after SpaceX announced plans for a secondary share sale
- SpaceX’s new valuation would reach $800 billion, double its previous $400 billion value
- EchoStar owns a substantial stake in SpaceX acquired through spectrum deals in late 2025
- Despite stock gains, EchoStar posted Q3 earnings of -$44.37 per share, missing forecasts of -$1.21
EchoStar Corporation stock jumped 12% on Friday. The move came after reports surfaced about SpaceX planning a major secondary share sale.
The satellite communications company’s shares reached an all-time high of $85.83. This represents a 262.5% increase over the past year.
SpaceX is preparing to sell shares at an $800 billion valuation. The Wall Street Journal broke the news based on information from SpaceX Chief Financial Officer Bret Johnsen.
This new valuation doubles SpaceX’s previous $400 billion price tag. The rocket manufacturer would become the most valuable private company in the United States. It would surpass OpenAI in that ranking.
EchoStar’s stock rally stems from its ownership position in SpaceX. The company acquired this stake through spectrum deals completed in late 2025.
The market reaction shows how closely EchoStar’s fortunes are tied to SpaceX’s success. Investors are betting that the rocket company’s rising value will benefit EchoStar’s balance sheet.
Mixed Financial Performance
EchoStar’s recent earnings paint a more complex picture. The company reported third quarter results that missed analyst expectations.
Earnings per share came in at -$44.37. Wall Street had forecast a loss of just -$1.21 per share. Revenue reached $3.61 billion, falling short of the expected $3.73 billion.
The stock showed pre-market strength despite these disappointing numbers. This suggests investors are looking past current operations to focus on the SpaceX connection.
EchoStar trades at a high EV/EBITDA multiple of 37.89. The company remains unprofitable with a diluted EPS of -$45.32 over the last twelve months.
SpaceX Growth Trajectory
SpaceX has built a commanding position in commercial space launches. The company also operates the Starlink satellite internet service.
Bret Johnsen has been communicating the share sale plans to investors in recent days. The timing of the sale has not been publicly disclosed.
The $800 billion valuation reflects SpaceX’s expanding business operations. It also shows strong investor appetite for space technology companies.
EchoStar’s spectrum deals with SpaceX occurred in the final months of 2025. These transactions gave EchoStar its stake in the rocket manufacturer.
The Wall Street Journal report sent EchoStar shares higher throughout Friday’s trading session. Other space industry stocks also saw movement on the news.
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