EchoStar Corporation's $500M Payment
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Business & Economics
EchoStar (SATS) Soars 13 Percent as Bankruptcy Fears Subside

70% Informative
EchoStar Corporation (NASDAQ:SATS) jumped by 13.16 percent on Friday to close at $ 28.81 apiece.
EchoStar said it would now pay $500 million worth of interest payments originally due on June 2, 2025 .
This followed its earlier decision to intentionally miss paying the said amount to its creditors, saying its ongoing battle with the FCC “froze its ability to make decisions”.
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