Deadline·2025-11-06 21:01Core Insights - EchoStar has sold $2.6 billion in spectrum to SpaceX, increasing its stake to approximately 3%, valued at $11 billion [1] - The transaction follows a previous $17 billion spectrum deal between EchoStar and SpaceX [1] - Charlie Ergen has returned as CEO of Dish Network, shifting focus from traditional pay-TV to wireless business [2] Financial Performance - Dish's total revenue decreased to $3.6 billion from $3.9 billion year-over-year [4] - Net losses expanded to $12.8 billion from $141.8 million, primarily due to a $16.5 billion impairment charge related to spectrum sales [4] - Dish added 159,000 subscribers in the quarter, despite a shrinking subscriber base, achieving a churn rate of 1.3% [3] Strategic Direction - The traditional pay-TV segment is no longer a strategic priority for Dish, as the company pivots towards wireless services [3] - Ergen expressed optimism about the partnership with SpaceX, highlighting their effectiveness as a vendor [5][6] - SpaceX is viewed as a leader in space exploration, with Ergen noting its growing competitive advantage over rivals, particularly China [7]