EchoStar shares surged during the regular session, fueled primarily by a bullish analyst upgrade from UBS, which set a price target of $150. The upgrade highlights two significant value drivers for the company: a roughly 2% implied stake in SpaceX and the potential to monetize valuable spectrum assets to reduce debt and fund future investments. While the company also disclosed that recent confidential talks regarding its 2026 senior notes did not result in an agreement, the positive sentiment surrounding the SpaceX valuation and strategic asset monetization clearly dominated investor focus.