Search results for Echostar
Telecommunications & Media
Rocket Lab to buy satellite communications company Iridium for $8 billion, challenge SpaceX
Rocket Lab has agreed to acquire satellite communications company Iridium Communications for $8 billion, the Wall Street Journal reported on June 29. The move aims to secure a satellite network and global spectrum assets to compete with SpaceX. Rocket Lab said it will combine its launch and satellite manufacturing capabilities with Iridium’s service reach and spectrum holdings, and develop next-generation satellites to replace Iridium’s current constellation.
Finance
Korean asset managers adjust ETF inclusion schedules ahead of SpaceX listing
South Korea\'s space-themed exchange-traded funds have repeatedly adjusted their plans to include SpaceX ahead of its expected Nasdaq listing. Strong expectations around the listing have drawn large inflows into related ETFs, but managers have changed inclusion and disclosure schedules close to the debut. Some funds plan to add exposure two trading days after listing rather than on the day itself. Investors are being urged to check actual inclusion timing, weights and volatility risks.
Finance
Korea Investment Trust Management to join SpaceX IPO, add to space tech ETF
Korea Investment Trust Management will participate in SpaceX\'s initial public offering and plans to add allocated shares to a space-technology exchange-traded fund and a public fund it manages. The company said it will join the IPO ahead of SpaceX\'s planned listing on June 12 local time. It also plans additional purchases on the listing day and aims to raise SpaceX\'s weight in its ACE U.S. Space Tech Active ETF to as much as 25 percent.
