EchoStar is trading up 5.62% at $91.25 on October 21, after SpaceX reported third-quarter revenue growth of 161% and its shares rose in premarket trading.
- Reuters reported that EchoStar, which holds SpaceX shares, rose 4.3% premarket; the supplied live price context shows the gain has since reached 5.62%.
- SpaceX reported $14.6 billion in Q3 revenue, compared with $12.72 billion expected, according to CNBC. Recent analyst attention has also focused on the potential value of EchoStar’s SpaceX stake.