Satellite names jumped on Monday after reports that SpaceX is targeting an 800 billion dollar valuation in a new secondary share sale. The chatter helped lift EchoStar $SATS ( ▲ 1.22% ) and Rocket Lab $RKLB ( ▲ 17.19% ) , both trading higher in early action.
The move comes after Bloomberg reported the potential valuation. William Blair analyst Louie DiPalma said the news could mark a major re-pricing moment for satellite spectrum rights. If SpaceX truly reaches that level, it implies legacy spectrum assets are worth more than investors have assumed.
EchoStar $SATS ( ▲ 1.22% ) saw some of the biggest gains. The company owns significant satellite spectrum tied to its Dish Network operations and has recently sold portions of that spectrum to AT&T $T and SpaceX itself. A jump in implied spectrum value naturally strengthens EchoStar’s hand.
AST SpaceMobile $ASTS ( ▲ 13.33% ) did not share in the enthusiasm. The company is still building its spectrum portfolio as it pushes into direct-to-consumer satellite services. Rising spectrum costs would force AST to spend more in a competitive landscape now led by a Musk-backed giant valued at 800 billion dollars.
The day’s trading showed a clear split. Legacy owners of spectrum enjoyed a boost, while aspiring challengers now face a pricier climb.