SpaceX seeks private funding at an $800 billion valuation. EchoStar received $8.5 billion in SpaceX stock in September and $2.6 billion in November from spectrum sales. EchoStar’s stakes may have doubled, potentially surpassing its net assets value.

EchoStar’s stock surged 15.5% with no specific news. The company’s transformative spectrum sales generated over $30 billion, along with $11.1 billion in SpaceX stock acquisitions. SpaceX is raising more funds at an $800 billion valuation, possibly higher than EchoStar’s purchase price.

SpaceX CFO mentioned potential share sales at an $800 billion valuation, doubling the possible value of EchoStar’s SpaceX stock. EchoStar’s market cap is near $25 billion, with $11.1 billion in SpaceX stock potentially doubling. Despite growth challenges, EchoStar’s core businesses generate over $1 billion in OIBDA annually.

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Read more at Yahoo Finance: Why EchoStar Rallied Today