WIth this filing, the company is looking to go after a new market to make itself viable again. Unfortunately, a third of the workforce, or 400 people, will be laid off.

Hughes Satellite Systems files Chapter 11 bankruptcy facing $1.5 billion debt maturity with only $102 million cash, the second EchoStar

EchoStar’s Hughes geostationary satellite broadband business has filed for bankruptcy in the United States after years of mounting competition from SpaceX’s Starlink constellation.