“EchoStar Stock Is a Stealthy SpaceX Play, J.P. Morgan Says” — what this page in the network covers. EchoStar Corporation (SATS) shares are undervalued because investors are overlooking the company’s future stake in SpaceX and its ability to monetize spectrum assets, according to J.P. In a note to clients, Cusick argued that EchoStar’s holdings—including its planned investment in SpaceX—are not fully reflected in the stock price. He reiterated an Overweight rating on the satellite and telecom company, seeing significant upside as the market catches up to the value of these assets.
EchoStar, which merged with Dish Network in 2023, has been repositioning its portfolio around connectivity and spectrum. The analyst noted that the company’s spectrum licenses alone could attract buyers or partnerships, especially as demand for wireless bandwidth grows. Cusick also highlighted EchoStar’s role in the emerging satellite-to-device market, where SpaceX’s Starlink is a leader. The full version stays on the original page, which this listing opens directly.