Beck Davidson

[Beck Davidson @BeckDavidsonV]

#SPCX SpaceX shadow market holding steady at $2.1 trillion, and could rise further on the B.O. failure

[Beck Davidson @BeckDavidsonV]

Blue Origin launch catastrophe means Kuiper is cooked! How will AMZN drone-deliver its packages now? Yet more evidence that the #SPCX moat is real and durable.

[Starbase Weather @StarbaseWeather]

⏰ May 21, 2026 at 01:45PM CST

🚨Current Condition: Partly Cloudy
🌡️Current Temperature: 79°F
💨Wind Speed: 10 MPH
🧭Wind Direction: Northeast
💧Humidity: 77%

#WeatherUpdate #Starbase

[Beck Davidson @BeckDavidsonV]

Interesting divergence developing between $SATS price on NASDAQ and SpaceX price on Hyperliquid

[Beck Davidson @BeckDavidsonV]

$SATS - what happened to the DBS bond restructuring announced in SATS's March 8-K filing? Seems we should be getting a status update soon. Are TPG and SATS hard at work behind the scenes?

[J. Brant Arseneau @jbarseneau]

https://t.co/fVfHH2xMog

[Beck Davidson @BeckDavidsonV]

@brad_patnaude @dan_tmt Right?! Maybe DTV+DBS spins into CONX....

[Beck Davidson @BeckDavidsonV]

@dan_tmt SATS needed to quash the bonds' de facto veto over a DBS acquisition of DTV (which is the reverse of Origo's thesis). My bet is SATS takes control of the combined entity, as what other exit does TPG have for DTV? This would crystalize $5-$10bn equity value for SATS.

[Beck Davidson @BeckDavidsonV]

Doesn't Ergen's CONX (CNXX) hold ~100mm of SATS stock?

[Beck Davidson @BeckDavidsonV]

Still think an interesting announcement poss for $SATS in Paris, even after the AWS-4 sale. Maybe $SATS (Hughes+'5G Core') will provide the operating system for Starlink's BB D2D ambitions? Who else has all the pieces already in place? And on brand for Ergen to keep building...

[Beck Davidson @BeckDavidsonV]

$SATS MDA Space spend now $0.00 - contract cancelled. Probably a breakage fee due

[Beck Davidson @BeckDavidsonV]

Bloomberg: Starlink Said In Advanced Talks to Acquire EchoStar Spectrum

[Beck Davidson @BeckDavidsonV]

Let's add these to the prior list of potential $SATS September 'surprises':

-- new iPhone reveal
-- Boost spin-out
-- EU MSS partner

Will be interesting!

[Beck Davidson @BeckDavidsonV]

Happy LDW...with a keen eye on the next three weeks for $SATS!

More spectrum sales?
Spectrum complete liquidation?
More color on Wideband LEO D2D?
Anchor D2D partners announced in Paris?
DBS><DTV rekindling?

Will be interesting!

[Beck Davidson @BeckDavidsonV]

Happy LDW...with a keen eye on the next three weeks for $SATS!

More spectrum sales?
Spectrum complete liquidation?
More color on Wideband LEO D2D?
Anchor D2D partners announced in Paris?
DBS><DTV rekindling?

Will be interesting!

[Beck Davidson @BeckDavidsonV]

@dan_tmt Hard to argue with Dan's close reading of the announcements, though perhaps the $T deal allows keeping the not non-economic tower sites, which would be a bullish outcome for cash flow, and less disappointing.

[Beck Davidson @BeckDavidsonV]

@dan_tmt Great notes as usual. And a great day for SATS. My bet: Ergen still needs something to do (he'll never retire), so the D2D plan outlined on the last quarterly call stays intact. Now that debt is resolved, it opens the way for a name-brand partner like AMZN/MSFT to JV the LEOs

[Beck Davidson @BeckDavidsonV]

Very favorable 8-K this morning from EchoStar $SATS

[Beck Davidson @BeckDavidsonV]

@dan_tmt Well put, and hoping we don't need puts! Does the latest bond interest grace period expire tomorrow?