Echostar (SATS)

I’m not sure how many people are following Echostar(parent company of Dish Network), but Charlie Ergan was the chairman that retired 10 years ago and still has a finger on the pulse

In 2005 to 2010 he purchased every bankrupt wireless carrier there was to load up on spectrum.

Everyone said the company would go bankrupt in the last couple years, but the guy was a professional poker player in the 80s and 90s and is far from an idiot

Anyways, a few months ago, he announced that he was selling all of his spectrum to SpaceX and now owns part of the company.

Yesterday SpaceX announced it wants to go public in 2026 so now investors are investing in Echostar as a back door way of getting a piece of SpaceX

The reason I mention all this is I worked for the company for eight years and luckily have about 50 K left in stock

It was $15 in June and hit an all-time high of $106 yesterday. This is definitely something to add to your watchlist. He was worth 11 billion in August and is now back at CEO overseeing every single move.

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