EchoStar

EchoStar Corporation (EchoStar) is a holding company based in Englewood, Colorado. It owns pay-TV, wireless, satellite broadband and spectrum businesses under the brands DISH, Sling TV, Boost Mobile, Hughes and HughesNet. In 2026 it sold its 3.45 GHz and 600 MHz spectrum licenses to AT&T for $20.250 billion in cash.

It has agreed to sell its AWS-4, H-Block and AWS-3 licenses to SpaceX for about $20 billion, of which up to $11 billion is in SpaceX stock. DISH DBS, the pay-TV business, left Chapter 11 on October 1, 2026. DISH Wireless and Hughes are in Chapter 11, and EchoStar does not include them in its financial statements.

Revenue of the consolidated group was $1,128 million in Q3 2026. The Class A common stock trades on Nasdaq in US dollars under ECHO. EchoStar files 10-K and 10-Q reports.

The price of EchoStar depends on how much of its spectrum sales reaches shareholders after debts, taxes and claims from its units in bankruptcy. EchoStar held $13,968 million of cash and marketable securities at September 30, 2026, mostly from the AT&T sale. The SpaceX sale is targeted for November 30, 2027. It pays up to $11 billion in SpaceX stock and the rest in cash, and the first use of the proceeds is to repay $9,821 million of Seller Notes.

DISH DBS left Chapter 11 with less debt. DISH Wireless and Hughes are still in Chapter 11, and the company recorded its interest in its deconsolidated subsidiaries at $0. For the price to hold or rise, four things must be true. The SpaceX sale must close on the terms in the 10-Q.

The SpaceX stock must be worth at least its deal value when EchoStar can sell it. Claims from the DISH Wireless and Hughes cases must not reach the parent. DISH DBS must keep the operating income of Q3 2026 while its subscriber base shrinks. The plan for DISH Wireless, the Hughes plan and the 10-K for 2026 are the next tests.

If the cases end with a small cost to the parent, the gap can close in 2027. If creditors reach the parent or the SpaceX sale fails, it can last longer.

1. Mar 1, 2027 · est.Pending

   10-K for 2026The report shows a confirmed plan for DISH Wireless and no payment by the parent beyond the recorded guarantee, and this passes; a large payment or claim against the parent fails.
2. Nov 30, 2027 · est.Pending

   SpaceX Spectrum Acquisition ClosingThe closing takes place by the targeted date and pays the consideration in the 10-Q, and this passes; a delay or a lower price fails.

Every passed and failed checkpoint across all picks

• November 3, 2026EchoStar filed its Form 10-Q for Q3 2026. Cash and cash equivalents were $13,437 million and marketable investment securities were $531 million at September 30, 2026. Revenue was $1,128 million for Q3 2026, and the gain from the AT&T sale was $3,107 million.
• October 30, 2026EchoStar held its annual meeting. Shareholders voted on the election of eight directors, on KPMG LLP as auditor for 2026 and on an advisory vote on pay for executives.
• October 1, 2026DISH DBS emerged from Chapter 11 after the court confirmed its plan on September 29, 2026. EchoStar said that the DISH DBS entities cut their debt by about $4.35 billion in all, and that it will include them in its financial statements again from October 1, 2026.

Next earnings

Expected about March 1, 2027. The company has not confirmed the date.

• 8-KShareholder vote resultsFiled November 3, 2026 · sats-20261030x8k
• 10-QQuarterly report for the period ended Sep 30, 2026Filed November 3, 2026 · sats-20260930x10q
• 8-KNew material agreement and Acquisition or sale completedFiled October 2, 2026 · sats-20261001x8k
• 8-KInvestor disclosureFiled August 7, 2026 · sats-20260807x8k
• 8-KChange of directors or officers and Investor disclosureFiled August 3, 2026 · sats-20260728x8k
• 10-QQuarterly report for the period ended Jun 30, 2026Filed August 3, 2026 · sats-20260630x10q
• 8-KEnd of a material agreement and Acquisition or sale completedFiled July 28, 2026 · sats-20260728x8k
• 8-KChange of directors or officers and Other company newsFiled July 7, 2026 · Read it on sec.gov
• 8-KChange of directors or officersFiled June 25, 2026 · sats-20260623x8k
• 8-KOther company newsFiled June 18, 2026 · sats-20260617x8k

Every filing on SEC EDGAR (CIK 1415404)

• The bankruptcy cases are not finished. The plan for DISH Wireless still needs court approval, and Hughes is in Chapter 11. Creditors of these units can claim from the parent. EchoStar recorded a parent guarantee of $51 million, and it settled $1,056 million of obligations for the June 2026 filing entities in nine months.
• The SpaceX sale has not closed. The closing is targeted for November 30, 2027, and it has conditions. Up to $11 billion of the price is in SpaceX stock, about 261.8 million shares at an initial deal value of $42.40 a share, so its value can change.
• Taxes can take cash. Net deferred tax liabilities were $3,609 million at September 30, 2026. The 10-Q says that the deconsolidation gain of $9.729 billion is not taxable now, because the units stay in the tax group.
• The remaining businesses lose subscribers or depend on others. EchoStar says that it depends on T-Mobile and AT&T for network services for its Wireless subscribers. Pay-TV margins fall when programming costs rise.
• The convertible notes dilute shareholders. The 3 7/8% notes of $1,943 million can convert into about 58 million shares of Class A common stock, against 290,978,155 shares now.

At September 30, 2026, the consolidated balance sheet of EchoStar showed cash and cash equivalents of $13,437 million and current marketable investment securities of $531 million. It showed an FCC escrow of $2,400 million with a liability of the same size. Read more

EchoStar does not pay a dividend.

Source: company filings and market data, read on November 13, 2026.