This article first appeared on GuruFocus. EchoStar (NASDAQ:ECHO) shares jumped about 3.7% in premarket trading Monday after reports that SpaceX (NASDAQ:SPCX) has held talks with the company about a potential wireless deal involving Boost Mobile. Warning! GuruFocus has detected 7 Warning Signs with ECHO. Is ECHO fairly valued? Test your thesis with our free DCF calculator. According to Reuters, SpaceX is discussing either buying Boost Mobile outright or gaining access to its wireless network, a move that could accelerate plans for a broader Starlink Mobile service. The potential deal could give SpaceX something it does not currently have at scale: an established wireless customer base and retail distribution network. EchoStar had about 7.
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