EchoStar Corp. Sees 108% Surge After $23B License Sale to AT&T Amid Bankruptcy Concerns

EchoStar Corp. (SATS) shares surged 108.61% in 5 trading days, reaching a new all-time high, following a $23-billion license sale to AT&T, resolving regulatory challenges and fears of bankruptcy. The deal, part of a dispute with the Federal Communications Commission (FCC), includes the sale of 50 MHz of nationwide spectrum. The company had been investigated by the FCC and was withholding interest payments to creditors due to potential risks.