EchoStar Posts US$3.67B Q1 Revenue, Secures US$40B Spectrum Sale Approval
EchoStar posted Q1 2026 revenue of US$3.67 billion and gained FCC approval for its US$40 billion spectrum sale to AT&T and SpaceX while retaining Boost Mobile as an MVNO partner. New Street Research initiated coverage with a Buy rating and US$161 price target, labeling EchoStar a prime SpaceX IPO proxy.
1. Q1 2026 Financial Performance
EchoStar reported US$3.67 billion in revenue for the quarter ended March 31, 2026, driven by its satellite services and wireless operations.
2. FCC Approves US$40B Spectrum Sale
The FCC’s Wireless Telecommunications and Space Bureaus approved EchoStar’s approximately US$40 billion sale of wireless spectrum to AT&T and SpaceX, with EchoStar continuing to operate Boost Mobile under an MVNO agreement.
3. Analyst Coverage and Price Target
New Street Research initiated coverage of EchoStar with a Buy rating and set a US$161 price target, highlighting its stake in SpaceX as a key driver of future valuation.