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EchoStar stock doubles after swapping spectrum for 2% stake in SpaceX, price target raised to $155.

Market News
22 May 2026
Barrons
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Bullish
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EchoStar's stock price has doubled since September following its deal to exchange some wireless spectrum for a 2% ownership stake in SpaceX. The transaction involved EchoStar receiving $11.1 billion worth of SpaceX stock, estimated at 52 million shares priced at $212 each. This strategic move has boosted investor confidence, leading TD Cowen analyst Gregory Williams to raise his price target for EchoStar shares from $129 to $155. The partnership highlights EchoStar's growing involvement in the space industry through its connection with Elon Musk's SpaceX.

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