SpaceX's $17 billion acquisition of AWS-4 and H-block wireless spectrum licenses from EchoStar (SATS) is shaking up the stock market today. While the stock is continuing to build on this morning's gains, rival AST SpaceMobile Inc (NASDAQ:ASTS) is buckling under the pressure of the strengthened competition.ASTS cratered following the announcement, off 6.1% to trade at $39.84, at last check, erasing yesterday's brief rebound. The 120-day moving average has moved in as support, as the equity trades at levels n ...

Late last month, shares in EchoStar Corporation (Nasdaq: SATS) entered the stratosphere. The stock jumped as much as 80% in premarket trading on August 26 after it was announced that the company would... ...

Welcome back to NextGen Investing. It's now time to discuss some of the fallout we're seeing today in telecoms as a result of this Echoar as well as SpaceX deal. Joining us now to discuss more is George Tillis, senior markets correspondent for the network.George, walk us through this story. I think this is really fascinating and also the way it's going to impact some of these more legacy type players. I mean, tell us your thoughts here.>> Well, yeah, this is um this is ongoing. Um when it comes to technolog ...

Key Takeaways U.S. equities were higher at midday ahead of key inflation data coming this week. The Dow Jones Industrial Average, S&P 500, and Nasdaq all rose. Shares of EchoStar took off after the DISH TV and Boost Mobile operator sold some spectrum licenses to Elon Musk's rocket and satellite company SpaceX for about $17 billion. Avishek Das / SOPA Images / LightRocket via Getty Images Close Oil and gold futures advanced. The yield on the 10-year Treasury note declined. The U.S. dollar gained on the yen, ...

This gives them the ability to give direct to device service. So is this a coup for Space X that they've been able to pull this off. Well, had already been in the mix when it came to that AT&T spectrum sale as well.Remember, $23 billion worth just in August. This is why we've seen EchoStar shares at a record high before even trading today. There are up 100% in the last few days, let's call it in the last month, because they're doing this sale after sale of their spectrum.But this really gives space X more b ...

Core Insights - SpaceX has agreed to pay $17 billion for wireless spectrum licenses from EchoStar to enhance its Starlink satellite network, which includes $8.5 billion in cash and up to $8.5 billion in stock [1] - The deal is expected to resolve FCC inquiries regarding EchoStar's commitment to providing 5G service in the US, leading to a 21.6% increase in EchoStar's shares [4] - The licenses will improve Starlink's ability to connect with cellphones in remote areas and may allow SpaceX to develop a new cellphone service or share spectrum with telecom partners like T-Mobile [6] Group 1: Financial Details - The total payment for the spectrum licenses is $17 billion, comprising $8.5 billion in cash and up to $8.5 billion in SpaceX's stock portfolio [1] - SpaceX will also contribute approximately $2 billion in cash towards EchoStar's interest payments on its debt through November 2027 [1] Group 2: Regulatory Context - The FCC had warned EchoStar in May about its commitment to 5G service, questioning its competitive effectiveness against major wireless carriers [2] - EchoStar's chairman met with President Trump in June, which may have influenced the regulatory environment [3] Group 3: Market Implications - The acquisition of the spectrum licenses is anticipated to enhance Starlink's broadband capabilities and expand its reach to cellphone users [4][6] - T-Mobile is reportedly in discussions to lease some of the spectrum rights that SpaceX plans to acquire, indicating potential partnerships in the telecom sector [6] - EchoStar's recent deal with AT&T for $23 billion in wireless spectrum licenses reflects ongoing consolidation and strategic asset acquisitions in the telecommunications industry [8]

Shares of EchoStar jumped more than 17% on Monday after the telecommunications company unveiled a $17 billion deal with SpaceX to sell its AWS-4 and H-block spectrum licenses. The agreement marks the ... ...

Shares of EchoStar Corp (NASDAQ:SATS) are soaring today, up 17.1%  to trade at $78.71 at last look, after news that the company is selling wireless spectrum licenses to Elon Musk's SpaceX for roughly $17 billion. The deal, which expands Starlink's mobile coverage abilities, is pushing the rest of the telecommunications sector lower today. Today's pop has SATS gapping to record highs. The stock had already been on a record run, however, notching several all-time peaks since its Aug. 26 bull gap following a d ...

Guys, I did want to talk uh this morning about the Echoar >> Starlink deal because it's an important one and it's having an impact on any number of stocks well beyond Echoar itself, shares of which are up another 20%. remember it was only a couple of weeks ago we got that $23 billion sale of Spectrum owned by Echoar to AT&T which sent the stock flying completely eliminated what had been concerns about bankruptcy for this company. Well, a lot of the speculation after that centered on additional spectrum that ...

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...