EchoStar Stock Rises as FCC Approval Reprices the SpaceX Bet — and the Escrow Risk
EchoStar shares rose over 4% premarket Wednesday after the FCC approved $40 billion in spectrum sales to AT&T and SpaceX. The deal includes a $2.4 billion escrow condition imposed by regulators. EchoStar’s first-quarter revenue dropped to $3.67 billion, with declines in pay-TV and broadband subscribers.