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SpaceX spent close to two years and nearly $20 billion buying wireless spectrum licenses that had nothing to do with rockets or satellite broadband. Analysts struggled to explain why a space company needed land-based mobile spectrum at all. That question now has an answer, and it puts the country’s ...
The official trading debut of SpaceX stock has triggered a dramatic unwinding of proxy trades that investors had been using to gain indirect exposure to the space giant.
The European commission is set to allocate two thirds of lucrative mobile satellite spectrum to European companies, with the rest available for non-European rivals such as Elon Musk's Starlink and Amazon's low-earth-orbit satellite business Leo, people with direct knowledge of the matter said on Tuesday. The EU executive will next year allocate mobile satellite spectrum currently used by American companies Viasat and EchoStar and which is due to expire in May 2027.
Shares of space and satellite companies surged in premarket trading on Tuesday, extending the sector’s recent rally following SpaceX’s public filing for what is expected to become the largest initial public offering ever launched. Redwire (NYSE:RDW) climbed 15% ahead of the opening bell, while MDA Space (NYSE:MDA) advanced 13%.
EchoStar (SATS) delivered earnings and revenue surprises of +62.21% and +0.13%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
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