EchoStar (ECHO) reset pulls attention to AT&T cash and SpaceX index moves
EchoStar’s new ECHO ticker plunged 6.5% in its first two sessions as investors weighed the $20.25 billion pending AT&T cash—equal to 71% of EchoStar’s equity value—while the stock rebounded 1.7% Friday; the timing of AT&T deal closing and SpaceX’s Russell index addition now loom large for EchoStar’s price.