EchoStar Stock Soars to Another Record High on SpaceX Deal

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 ...