EchoStar is trading 4.22% down now at $87.73 after continued selling tied to SpaceX’s weak post-earnings performance and valuation concerns.
- SpaceX reported a $6.93 billion quarterly loss and a $0.26-per-share loss.
- EchoStar’s SpaceX-linked holdings faced renewed valuation pressure after SpaceX shares declined.
- Analysts lowered several EchoStar price targets on August 4, including Deutsche Bank and TD Cowen.