EchoStar Stock Drops 10.96% as DISH DBS Misses $183M Interest Payment

SATS

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2026-06-12

EchoStar shares fell 10.96% on June 12 after profit-taking on SpaceX-related gains and a DISH DBS unit failing to pay $183 million interest due June 1. The company plans to use proceeds from an AT&T spectrum sale to bolster liquidity as pay-TV subscriber declines pressure cash flow.

1. Shares Slide After SpaceX IPO Gains

EchoStar shares fell 10.96% on June 12, reversing part of their recent rally tied to SpaceX's $75 billion IPO at $135 per share. Sector peers Rocket Lab and AST SpaceMobile also declined, underscoring a broad pullback in aerospace-related stocks.

2. DISH DBS Misses $183M Interest Payment

EchoStar's DISH DBS unit failed to meet a $183 million interest payment due June 1, raising credit concerns. The company is counting on proceeds from its planned sale of AT&T spectrum assets to shore up liquidity and meet upcoming obligations.

3. Declining Pay-TV Subscribers Pressure Cash Flow

With pay-TV subscriber counts falling, EchoStar faces mounting revenue headwinds. The company has seen a 13% drop from its May record high and relies on support from its 150-day moving average to stabilize the recent pullback.

4. Bullish Option Activity Persists

Options traders remain optimistic, with a 50-day call/put volume ratio of 6.96 ranking above 91% of readings over the past year. Daily call volumes surged to four times average levels, led by the weekly 6/12 130-strike call contract.