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EchoStar (NASDAQ: SATS) CEO Hamid Akhavan sold a total of 233,918 shares of Class A Common Stock on September 12, 2025, for approximately $17.6 million. The sales were executed in two tranches, with prices ranging from $74.93 to $76.50. According to InvestingPro data, the stock has shown remarkable performance with a 204.8% gain year-to-date, despite currently trading at $69.80.
Specifically, Akhavan sold 170,824 shares at a weighted average price of $74.93, and 63,094 shares at a weighted average price of $76.50. Following these transactions, Akhavan directly owns 376,805 shares of EchoStar, a company currently valued at $20.1 billion. InvestingPro analysis indicates the stock is currently overvalued, with a "Fair" overall financial health score.
On the same day, Akhavan also exercised options to acquire 233,918 shares of Class A Common Stock at a price of $16.57, for a total value of $3,876,021. These options were part of an employee stock option plan. After exercising the options, Akhavan directly owns 467,836 options. For deeper insights into insider trading patterns and comprehensive analysis, access the full EchoStar research report on InvestingPro, where you’ll find 14 additional key insights about the company’s performance and outlook.
In other recent news, EchoStar Corporation has entered into a definitive agreement to sell its AWS-4 and H-block spectrum licenses to SpaceX for approximately $17 billion. This transaction includes up to $8.5 billion in cash and an equivalent amount in SpaceX stock. Additionally, SpaceX will cover around $2 billion in cash interest payments on EchoStar’s debt through November 2027. In related developments, RBC Capital lowered its price target for MDA Space Ltd to C$45 from C$53 while maintaining an Outperform rating after EchoStar terminated a C$1.8 billion satellite contract with MDA Space due to a shift in its business strategy. AT&T Inc.’s outlook was revised to stable from positive by S&P Global Ratings following a proposed $23 billion spectrum purchase from EchoStar. This change reflects an anticipated increase in AT&T’s leverage to 3.6x-3.7x by 2026. These recent developments highlight significant shifts in the telecommunications sector, particularly with SpaceX’s expansion into satellite-based connectivity.
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