Latest news with #MaxarSpaceSystems
Globe and Mail
4 days ago
- Business
- Globe and Mail
Why EchoStar Stock Keeps Falling
After falling more than 12% Friday, shares of satellite communications company EchoStar (NASDAQ: SATS) slipped another 3% through 10:30 a.m. ET Monday. That's disappointing, because EchoStar's latest news is actually good: As The Fly reports today, the company has awarded Maxar Space Systems a contract to build EchoStar's next geostationary communications satellite, EchoStar XXVI, to "deliver robust coverage to DISH TV customers across all 50 U.S. states, including Puerto Rico." The problem for EchoStar is that not all the company's news is quite so good. On May 9, the company reported "the Chairman of the FCC sent a letter to EchoStar Corporation informing the company that the FCC has begun a review of EchoStar's compliance with certain of its federal obligations to provide 5G service in the United States." This sparked a sell-off in EchoStar stock, which cost more than $24 at the time and is worth barely $17 today. Last week, the news got worse. As my fellow contributor Billy Duberstein reported, EchoStar missed an interest payment on its debt Friday, raising bankruptcy concerns among shareholders. EchoStar's gigantic debt problem Are these concerns valid? Well, according to S&P Global Market Intelligence data, EchoStar carries more than $30 billion in debt against cash reserves of only $5 billion, and a market capitalization not much more than that. Two-thirds of the company's enterprise value, therefore, is debt -- so yeah, I'd say anything that relates to debt and EchoStar's ability to repay it is probably a big concern for EchoStar shareholders. The company hasn't been profitable since 2022, and has reported negative free cash flow since 2022, too, meaning the debt problem is getting bigger, not smaller. Long story short, there's good reason for EchoStar stock to be going down. Should you invest $1,000 in EchoStar right now? Before you buy stock in EchoStar, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and EchoStar wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor 's total average return is979% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025
Business Wire
4 days ago
- Business
- Business Wire
Maxar Space Systems Selected to Build High-Power EchoStar XXVI Satellite
PALO ALTO, Calif.--(BUSINESS WIRE)--Maxar Space Systems, a trusted partner in satellite design and manufacturing, today announced it has been awarded a contract by EchoStar Corporation (Nasdaq: SATS) to manufacture EchoStar XXVI, a high-power geostationary communications satellite based on the Maxar 1300™ platform. EchoStar XXVI will deliver robust coverage to DISH TV customers across all 50 U.S. states, including Puerto Rico, and is engineered for dual orbital slot performance, giving EchoStar enhanced operational flexibility to meet evolving customer and network demands. 'EchoStar's selection of the Maxar 1300™ platform underscores our commitment to delivering high-performance satellites that meet our customers' most demanding requirements,' said Chris Johnson, CEO, Maxar Space Systems. 'We're proud to continue supporting EchoStar's mission with another spacecraft that offers the proven reliability that Maxar Space Systems is known for in the industry.' The satellite will support EchoStar's mission of providing coverage and continue to ensure high-capacity direct-to-home services across its customer base. EchoStar XXVI is scheduled for delivery in 2028. 'EchoStar is committed to delivering an unmatched experience with DISH TV,' said Gunter Kamper, SVP of DISH Technologies, EchoStar Corporation. 'Our ongoing investments across the board—especially with EchoStar XXVI—will ensure long-term access to our award-winning, satellite entertainment platform. Maxar Space Systems has been, and remains, a trusted partner in this mission.' EchoStar XXVI marks the latest chapter in a decades-long collaboration between EchoStar and Maxar Space Systems. It joins a long line of EchoStar satellites built by Maxar Space Systems, reinforcing the strength of the partnership and the reliability of the Maxar 1300™ platform. With more than 95 Maxar Space-built geostationary satellites currently on orbit, this mission adds to Maxar Space Systems' proud legacy of delivering advanced space systems that power global connectivity and innovation. About Maxar Space Systems Maxar Space Systems is a leading satellite manufacturer and provider of advanced solutions for space exploration. We deliver innovative solutions to commercial and government customers helping them unlock the promise of space to solve problems on Earth and beyond. We address a broad spectrum of needs for our customers, including mission systems engineering, product design, spacecraft manufacturing, assembly, integration and testing. Maxar Space Systems is a trusted partner in commercial and government missions, combining more than 65 years of deep mission understanding and industry leading performance. For more information, visit About EchoStar Corporation EchoStar Corporation (Nasdaq: SATS) is a premier provider of technology, networking services, television entertainment and connectivity, offering consumer, enterprise, operator and government solutions worldwide under its EchoStar®, Boost Mobile®, Sling TV, DISH TV, Hughes®, HughesNet®, HughesON™, and JUPITER™ brands. In Europe, EchoStar operates under its EchoStar Mobile Limited subsidiary and in Australia, the company operates as EchoStar Global Australia. For more information, visit and follow EchoStar on X (Twitter) and LinkedIn. ©2025 EchoStar. Hughes, HughesNet, DISH, and Boost Mobile are registered trademarks of one or more affiliate companies of EchoStar Corp. Forward-Looking Statements This press release may contain forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions. Maxar Space Systems cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Maxar Space Systems disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as may be required under applicable securities law.
