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SpaceX (NASDAQ: SPCX ) has reshaped the satellite and space industry, and its first earnings report since going public highlighted plans to expand that disruption. One early casualty may be Hughes, the satellite internet business owned by EchoStar Corporation (NASDAQ: ECHO ), which filed for Chapter 11 bankruptcy ahead
Telecom stocks decline
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Fear” zone on Thursday. U.S. stocks settled lower on Thursday, with the Nasdaq Composite falling more than 2% during the session amid rising tensions in the Middle East. President Donald Trump warned th