EchoStar (SATS) Surges on SpaceX IPO Buzz and Morgan Stanley Upgrade: Latest News, Stock Forecasts and Key Risks (December 10, 2025)
EchoStar shares rose about 6% to $93.54 by mid-day Wednesday, up over 300% year-to-date, after Morgan Stanley upgraded the stock and raised its price target to $110. The move follows renewed speculation about a 2026 SpaceX IPO, with EchoStar holding $11.1 billion in SpaceX stock. EchoStar’s market cap stands near $27 billion. Analyst ratings range from “Hold” to “Moderate Buy.”