Troubled satellite operator EchoStar is now a proxy for Trump-Musk animus
The company’s fortunes, and share price, could be decided in large part by what the Federal Communications Commission does next
Related reading
SpaceX finds a peculiar route into investors’ orbit
EchoStar has gone from the brink of bankruptcy, to a way of betting indirectly on the world’s biggest ‘unicorn’
Elon Musk’s SpaceX to buy spectrum licences from EchoStar for $17bn
Deal follows pressure from regulators and is expected to help Starlink expand
EchoStar shares leap 80% on $23bn deal to sell spectrum licences to AT&T
The company’s slow progress building its US mobile phone network drew criticism from the Trump administration
US antitrust regulator launches probe into ISS and Glass Lewis
Federal Trade Commission’s investigation comes as Trump administration targets influential proxy advisers
AI satellite start-ups gain traction with investors ahead of SpaceX IPO
Elon Musk and Jeff Bezos’s commitment to putting data centres in space boosts fortunes of smaller players
Amazon agrees $11.6bn takeover of satellite group Globalstar
Deal will bolster tech group’s efforts to challenge Elon Musk’s Starlink with its own low Earth orbit satellite business