Key Highlights

  • ECHO shares were trading up 3.43% at $101.60 from a prior close of $98.23.
  • SpaceX held talks about buying Boost Mobile or using its network.
  • Third-quarter EPS was $7.97 on Revenue of $1.13 billion.

EchoStar (NASDAQ:ECHO) was trading up 3.43% at $101.60 in today's regular session, a gain of $3.37 from the prior close of $98.23. Two items are in focus: a report that Space Exploration Technologies (NASDAQ:SPCX) has held talks about buying Boost Mobile or gaining access to its network, and fresh third-quarter results. Elon Musk met EchoStar chairman Charlie Ergen last month.

EchoStar, based in Englewood, Colorado and co-founded by Ergen, is a diversified U.S. communications and content delivery provider with about 12,100 employees and roughly $15 billion of 2025 revenue. It runs Pay-TV (DISH TV and Sling TV), Wireless (Boost Mobile and Gen Mobile) and Broadband and Satellite Services (Hughes, HughesNet and JUPITER). The ticker changed from SATS to ECHO in June 2026.

Why Any Boost Deal Involves AT&T and T-Mobile

Boost's leased network is supplied by AT&T (NYSE:T) and T-Mobile (NASDAQ:TMUS), so any deal with SpaceX needs consent from both. EchoStar also signed two large spectrum transactions, one with AT&T for $22.65 billion and one with SpaceX for $19 billion, and is moving toward a hybrid mobile network operator model.

Third-Quarter Results and Subscriber Trends

Third-quarter EPS was $7.97 on revenue of $1.13 billion, with Net Income of $2.78 billion driven by large gains and deconsolidations. Wireless service revenue and ARPU rose, while subscribers fell by 182,000. In the second quarter revenue was $3.58 billion, down 4% from a year earlier and against a consensus of $3.59 billion, with EPS of $24.12. The company's Earnings Call is scheduled for November 12.

SBA Communications (NASDAQ:SBAC) reported EchoStar-related churn of $14 million in the third quarter and expects $36 million for full-year 2026. Bankruptcy-related scrutiny of EchoStar persists. Trailing earnings are negative $25.03 per share and the 52-week range is $65.76 to $147.25. The shares traded near $96.94 on November 2, up 8.6% over seven days and down 13.6% year to date.

Analyst Ratings and What to Watch Next

The consensus rating is Buy. UBS has a target of $150 and JPMorgan $144, with Morgan Stanley at $134, and the constructive stance rests on the value of EchoStar's expected SpaceX stake.

The next items to follow are the outcome of the Boost Mobile discussions, the November 12 earnings call, revenue trends in Pay-TV and Wireless, and developments on spectrum Assets and the SpaceX exposure.