UBS upgrades EchoStar on view SpaceX stake drives value
UBS analysts upgraded EchoStar to buy, saying its SpaceX stake will drive most of its value. EchoStar would hold a 2% stake once its pending spectrum transaction closes, expected in November 2027.
UBS analysts said EchoStar's stake in SpaceX will account for most of its value and lifted the stock to buy. They said EchoStar will own a 2% stake in SpaceX once the pending spectrum transaction closes, which is expected in November 2027. The analysts said EchoStar received the shares at a pre-IPO price.