EchoStar's $31B Windfall: A New Chapter?

EchoStar's stock surged then settled after a $31.2 billion spectrum sale to AT&T and SpaceX, promising debt reduction and a Starlink partnership for Boost Mobile. But this cash windfall comes after scrapping plans to be a major mobile network due to regulatory pressure and bankruptcy concerns, pivoting to an asset-light strategy. Despite volatility, EchoStar's stock is up significantly this year, leaving investors wondering if this new direction will maintain growth. Hosted on Acast. See acast.com/privacy for more information.