What smart money is saying about EchoStar
SATS
No fund has written a full thesis on EchoStar in our archive, but 2 fund letters report a position in it — most recently Nightview Capital NITE ETF in June 2026.
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2
Reported positions
0
Bought
1
Sold
2
Letters
Position history
Between Q4 2025 and Q2 2026, 2 fund letters reported a position in EchoStar — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 0 | 1 | 0 |
| Q4 2025 | 1 | 0 | 0 | 0 |
Fund activity · 2 positions · 1 move
- June 2026
“Over the quarter, we exited four positions: Meta, Intuitive Surgical, Shopify, and EchoStar. Each was a good business. In each case we concluded our capital would work harder elsewhere, and we would rather concentrate behind our best ideas than hold a name out of habit. EchoStar is worth a brief note, because we had recently been adding to it, and it was a strong performer. We sold it in full and redeployed the proceeds.”
EchoStar - HoldsDiameterDecember 2025
“Our AI-fueled investment in the equity and debt securities of EchoStar was our best performer for the second straight quarter. We gave the full saga in our last letter. In brief, EchoStar hoarded vast amounts of wireless spectrum. The market was valuing the company below its spectrum value because the network buildout expenses to put the spectrum to work were considered an unfunded liability. Our view was that EchoStar’s spectrum would become critical to the inference phase of AI and be coveted by spectrum hungry wireless carriers. With a nudge from the Trump Administration, EchoStar moved from builder to seller, realizing great sums for its spectrum. In one of the deals, EchoStar took back $11 billion in SpaceX stock priced at a $400 billion valuation. The EchoStar stock was a beneficiary when rumors surfaced this past quarter about SpaceX valuations of between $800 billion-$1.5 trillion. EchoStar remains a large position for us, trading well below the sum of its (mostly cash) parts.”
EchoStar
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