EchoStar trades spectrum for cash, equity, and time; transforming into a hybrid-mobile operator, soon with ~$20B+ in net cash, and the market’s only liquid SpaceX exposure, granting an estimated 24% minimum IRR through 2030

SpaceX’s $17B purchase of AWS-4/H-block spectrum and the rollout of V3 Starship-class satellites turn Starlink DTC into a very strong rural/suburban solution, and, paired with terrestrial Starlink hardware in cities, position Starlink as a full-stack connectivity challenger to U.S. MNOs.

ASTS rose nearly 9% after the company reiterated plans to deploy 45–60 satellites by 2026 and confirmed that the BlueBird test satellites are already operational in LEO. Investor enthusiasm was further supported by reports that ATT is acquiring sp...