EchoStar Rises on Verizon Spectrum Talks; Firefly Falls; ExxonMobil Cuts
- EchoStar (SATS) shares rise in premarket trading on Tuesday as Verizon Communications (VZ) is said to be in discussions with the company about purchasing some of its wireless spectrum. Bloomberg has learned the talks involve EchoStar’s AWS-3 licenses, valuable for carrying 5G wireless signals.- Shares of Firefly Aerospace (FLY) extended losses in early trading after the company disclosed an incident during a test at its facility in Briggs, Texas, that resulted in the loss of a rocket stage. Firefly, which made history in March when it landed its Blue Ghost robotic spacecraft on the…
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