Citi: SpaceX’s $800B Valuation Doubles EchoStar’s (SATS) Expected Equity Value Following Spectrum Deal

EchoStar Corporation (NASDAQ:SATS) is one of the hottest large-cap stocks of 2025. On December 22, Citi analyst Michael Rollins raised the firm’s price target on EchoStar to $111 from $87 and maintained a Neutral rating on the shares. With SpaceX’s valuation reportedly hitting $800 billion in a private share sale, EchoStar sits in a strong position. The firm noted that this $800 billion figure is twice what EchoStar originally expected its incoming SpaceX equity to be worth when it agreed to sell its spectrum assets.

On December 19, Deutsche Bank raised the firm’s price target on EchoStar to $131 from $97 and kept a Buy rating on the shares. The firm highlighted several clear catalysts: a primary driver is the prospective sale of EchoStar’s AWS-3 paired spectrum, with the firm maintaining that Verizon and T-Mobile remain interested buyers for these licenses.

Additionally, Morgan Stanley also upgraded EchoStar Overweight from Equal Weight on December 10, with a price target of $110, up from $82. The firm noted that EchoStar is uniquely positioned to benefit from heightened market competition as a strategic seller of spectrum. According to a research note, the stock upgrade is driven by EchoStar’s significant opportunity to unlock shareholder value through the tax-efficient divestiture of its spectrum assets.

EchoStar Corporation (NASDAQ:SATS), together with its subsidiaries, provides networking technologies and services in the US and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.