EchoStar Corp (NASDAQ: SATS) shares are plunging Friday after ripping higher Thursday when traders piled into SpaceX-linked names.

EchoStar Corp (NASDAQ:SATS) shares are flying on Thursday as SpaceX prepares to go public. EchoStar owns a meaningful stake in SpaceX.

EchoStar Corp (NASDAQ: SATS) shares are plunging Friday after ripping higher Thursday when traders piled into SpaceX-linked names.