EchoStar announced on October 2, 2026, that its Dish DBS subsidiary emerged from Chapter 11 bankruptcy. Dish DBS includes Dish TV and Sling TV.
The restructuring reduced the company’s debt by approximately $4.35 billion.
After the news, UBS upgraded EchoStar to Buy from Neutral and raised its price target to $150. UBS cited potential upside from a stake in SpaceX and monetization of EchoStar’s spectrum assets.
EchoStar shares closed nearly 7% higher on Friday, October 2.