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EchoStar Surges 11% on SpaceX IPO Debut at $135 Per Share

2026-06-11 22:25:59

EchoStar shares (SATS) surged 11% on Thursday (June 10), marking the best single day this year, as SpaceX began trading on Nasdaq at $135 per share. The $75 billion IPO fueled investor enthusiasm for SpaceX proxies. According to Barron's, EchoStar holds roughly 52 million SpaceX shares through a spectrum transaction agreement announced in September 2025, providing investors direct public-market exposure to SpaceX.

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