SpaceX IPO Buzz Lifts EchoStar Stock
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
EchoStar stock surged three percent on Wednesday, fueled by speculation about SpaceXs potential IPO. Bloomberg reported that SpaceX, led by Elon Musk, confidentially filed for an IPO with the SEC, potentially valuing it at over $1.75 trillion. This news sent EchoStars shares soaring, as the two companies have a long-standing partnership, with SpaceX launching EchoStars satellites and acquiring its wireless assets. Investors are eagerly awaiting official confirmation from SpaceX and the SEC.
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