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Stock Market Today, June 12: EchoStar Falls as SpaceX-Linked Rally Meets DISH DBS Payment Risk
The Motley Fool·
EchoStar (SATS) fell 10.96% on June 12 as profit-taking followed recent SpaceX-related gains and credit concerns emerged after its DISH DBS subsidiary missed a $183 million interest payment due June 1. The company is relying on AT&T spectrum sale proceeds to resolve the payment issue and ease liquidity pressures amid declining pay-TV subscribers.
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