Citi: SpaceX’s $800B Valuation Doubles EchoStar’s (SATS) Expected Equity Value Following Spectrum Deal

EchoStar Corporation (NASDAQ:SATS) is one of the hottest large-cap stocks of 2025. On December 22, Citi analyst Michael Rollins raised the firm’s price target on EchoStar to $111 from $87 and maintained a Neutral rating on the shares. With SpaceX’s valuation reportedly hitting $800 billion in a private share sale, EchoStar sits in a strong position. The firm noted that this $800 billion figure is twice what EchoStar originally expected its incoming SpaceX equity to be worth when it agreed to sell its spect ...