The Echostar spectrum continues to go fine adding about $130 million six times per day.
SPCX becomes marginable on July 13th. Does that become a catalyst date for SATS as people unwind their short position (to short SPCX directly if they are trying to hedge their SPCX exposure)?
SpaceX price updated from $160.95 → $173.7
SpaceX stake updated from $42.137B → $45.475B
EchoStar market cap / price updated from $33.06B ($114.08) → $31.89B ($110)
Discount to SpaceX stake alone widened significantly (now 25%–49% range)
Adding $150 million every hour or so with the 6 rounds of auction each day. Should end today over $2.2 billion. This will be $3.3 billion by the end of tomorrow. The expectation is $4-8 billion for the auction. If it goes beyond this week it could be $10-11 billion.
Shorts are setting themselves up for a possible squeeze.
Disclosure: I own shares of Echostar and SpaceX.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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