EchoStar Corporation (SATS): “What A Comeback,” Says Jim Cramer About Its 97% Share Price Jump

We recently published 12 Stocks Jim Cramer Discussed As He Said SpaceX’s Starlink Internet Could Help President Trump. EchoStar Corporation (NASDAQ:SATS) is one of the stocks Jim Cramer recently discussed.

EchoStar Corporation (NASDAQ:SATS)’s shares stunned observers earlier this month when they jumped by a massive 97% in just two days. The stock soared after the firm announced that it would sell its spectrum to AT&T and transform its Boost Mobile network into a hybrid mobile network. The deal’s $23 billion price tag, coupled with the fact that it marked a key step in resolving EchoStar Corporation (NASDAQ:SATS)’s disputes with the FCC, injected fresh life into a stock whose future was unclear to investors due to missed interest payments. Cramer commented on the share price movement:

“It’s an incredible, what a comeback that is for something that a lot of people. . .”

EchoStar Corporation (NASDAQ:SATS)’s management had explained the impact of the FCC investigation on its business during its Q2 2025 earnings call:

“As a result of the FCC’s inquiry, we chose to delay several of our scheduled interest payments. We submitted detailed responses in the various public proceedings the agency launched back in May. As explained in our responses, we strongly disagree with the factual and legal basis of the FCC’s inquiries. On June 11, our Chairman met with FCC Chairman, Carr, and explained how the FCC’s actions threaten our viability. Following this meeting, President Trump encouraged the parties involved to reach a positive resolution. Due to the nature of our ongoing discussions with the FCC, government and other entities, we chose to make our delayed interest payments within the permissible grace periods.”

While we acknowledge the risk and potential of SATS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SATS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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