Core Viewpoint - EchoStar's shares surged nearly 48% following reports of President Trump's encouragement for the company to resolve its regulatory disputes with the FCC [1][5]. Group 1: Company Overview - EchoStar operates several satellite, phone, and television companies, including Boost Mobile, HughesNet, Dish, and Sling, and holds critical spectrum licenses for wireless communications [2]. - The company is currently under investigation by the FCC regarding compliance with federal laws necessary to maintain its spectrum licenses for planned 5G internet service in the U.S. [4]. Group 2: Regulatory Challenges - EchoStar opted to defer interest payments on some bonds, gaining an additional 30 days to make payments, amid concerns of potential default and bankruptcy due to the ongoing FCC review [4]. - FCC Chair Brendan Carr has suggested that EchoStar may need to sell some spectrum licenses to avoid losing them [5]. Group 3: Market Potential - UBS analyst estimates the value of EchoStar's spectrum licenses could reach $35 billion, while the company's market cap is approximately $7.2 billion, indicating significant upside potential if the company successfully builds its wireless network [6].