First Brands Group debt targeted by Apollo Global Management - report
John Swieringa, President, Tech & COO of EchoStar CORP (NASDAQ: SATS), sold 154,835 shares of Class A Common Stock on September 9, 2025, for approximately $12.5 million. The sales were executed at prices ranging from $81.18 to $81.24.
On the same day, Swieringa also exercised options to acquire 127,559 shares of EchoStar’s Class A Common Stock at prices between $14.04 and $16.57, totaling $1.8 million. Based on InvestingPro analysis, EchoStar is currently trading above its Fair Value, with 13 additional ProTips and a comprehensive Pro Research Report available for deeper insights into the company’s financial health and market position.
In other recent news, EchoStar Corporation has agreed to sell its AWS-4 and H-block spectrum licenses to SpaceX for approximately $17 billion. The transaction includes up to $8.5 billion in cash and up to $8.5 billion in SpaceX stock. This agreement also involves SpaceX funding around $2 billion in cash interest payments on EchoStar’s debt through November 2027. In a related development, EchoStar’s decision to sell these spectrum licenses has led to a revision in AT&T Inc.’s outlook by S&P Global Ratings from positive to stable due to an expected increase in leverage. The spectrum purchase by AT&T is valued at $23 billion and is projected to increase the company’s adjusted leverage to 3.6x-3.7x by 2026. Meanwhile, MDA Space Ltd faced a setback as EchoStar terminated a C$1.8 billion satellite contract with the company, attributed to a change in EchoStar’s business strategy. Following this, RBC Capital lowered its price target for MDA Space from C$53.00 to C$45.00 but maintained an Outperform rating.
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