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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
—
Company details
Market cap
~$20B
Revenue (2025)
$15.0B
Net loss (2025)
-$14.5B
Rev. growth
-5%
Total debt
~$29B
Pay-TV subs
7.0M
Cash
~$1.5B
Spectrum sales
~$42B
In plain English
EchoStar is Charlie Ergen's recombined satellite-and-wireless empire: it runs DISH satellite TV and Sling streaming, the Boost Mobile prepaid wireless carrier, and Hughes satellite broadband. After borrowing heavily to build a 5G network it couldn't fully fund, in 2025–26 it agreed to sell roughly $42B of prized spectrum to AT&T and SpaceX (FCC-approved May 2026) to pay down debt — pivoting Boost to ride AT&T's network and taking SpaceX stock as part of the price. (Its ticker is moving from SATS to ECHO in mid-2026.)
In simple terms
What EchoStar really sells
EchoStar is Charlie Ergen's recombined satellite-and-wireless empire: it runs DISH satellite TV and Sling streaming, the Boost Mobile prepaid wireless carrier, and Hughes satellite broadband. After borrowing heavily to build a 5G network it couldn't fully fund, in 2025–26 it agreed to sell roughly $42B of prized spectrum to AT&T and SpaceX (FCC-approved May 2026) to pay down debt — pivoting Boost to ride AT&T's network and taking SpaceX stock as part of the price. (Its ticker is moving from SATS to ECHO in mid-2026.)
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