EchoStar surges as SpaceX IPO plans accelerate toward June debut
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EchoStar's stock surged by up to 5% following reports of an accelerated SpaceX IPO timeline and a potential $2 trillion valuation. An amended $20 billion spectrum deal could provide EchoStar with $11 billion in SpaceX shares, positioning it as a key proxy for the IPO. Institutional investors like BlackRock are seeking large allocations, while retail traders are investing in SpaceX-linked stocks.
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