Echostar SATS proceeds with closing spectrum transfer to AT&T and SpaceX

Echostar SATS stock has been mostly a proxy for SpaceX for those who follow. Even the management acknowledges that: "***Investor expectations regarding our potential investment in SpaceX may be currently influencing our stock price, and, if so, any adverse developments relating to SpaceX, changes in market perception of SpaceX or failure to complete the SpaceX Transaction could materially and negatively impact the market price of our Class A common stock.***" Further lookup on youtube the Feb earnings call (25 minutes long), I will post the link in comments (comment moderated due to no youtube links policy, search on your own). The first hurdle was FCC approval for the transfer which happened 2 weeks ago: [https://www.reuters.com/business/media-telecom/fcc-approves-echostar-sales-65-megahertz-spectrum-spacex-50-megahertz-att-2026-05-12/](https://www.reuters.com/business/media-telecom/fcc-approves-echostar-sales-65-megahertz-spectrum-spacex-50-megahertz-att-2026-05-12/) **The latest per this filing from Friday shows further progress:** [https://www.sec.gov/Archives/edgar/data/1415404/000141540426000013/sats-20260522x8k.htm](https://www.sec.gov/Archives/edgar/data/1415404/000141540426000013/sats-20260522x8k.htm) This surely has been a grind, the CEO has been positioning his trust to benefit from this eventually. [https://www.msn.com/en-us/money/other/spacex-deal-lines-up-3-billion-in-tax-savings-for-echostar-ceo/ar-AA20LdCZ](https://www.msn.com/en-us/money/other/spacex-deal-lines-up-3-billion-in-tax-savings-for-echostar-ceo/ar-AA20LdCZ) There is also the issue of a lawsuit from the tower companies who want a piece of the pie. [https://www.fierce-network.com/wireless/echostar-payment-dispute-puts-9b-tower-industry-impact-focus](https://www.fierce-network.com/wireless/echostar-payment-dispute-puts-9b-tower-industry-impact-focus) Quite a soap opera but every hurdle cleared will help with the stock price. The stock is undervalued due to some of the uncertainty around all this. Read up, and make your own judgement on what you think the probability of all this panning out is.