EchoStar Corp

echostar.com

EchoStar Corp (NASDAQ: SATS) is a telecommunications company that operates pay-TV, wireless, and broadband and satellite services businesses in the United States. It generates revenue through recurring subscriber service fees and equipment sales, with service revenue of $3.316 billion and equipment and other revenue of $479.7 million in FY2025, totaling $3.796 billion. The company operates two primary subscriber-facing segments: Pay-TV, which includes the DISH TV direct-broadcast satellite service and the SLING TV streaming platform, and Wireless, which provides talk, text, and data services. EchoStar carries a heavy debt load, with $6.127 billion in debt maturing across July, August, and December 2026, against $2.984 billion in cash and marketable investment securities as of December 31, 2025. Charlie Ergen beneficially owns approximately 51.3% of total equity securities and approximately 90.4% of total voting power as of the filing date. Pending transactions include the AT&T Transactions and SpaceX Transactions, which together are expected to generate over $44 billion in proceeds.