Key facts
- Options volume is increasing for Echostar.
- Echostar owns an estimated 3% of SpaceX stock.
- Echostar is a $35-billion networking business.
Traders are showing increased interest in the options market for Echostar, a Nasdaq-listed networking business valued at $35 billion. This heightened activity is attributed to Echostar's estimated 3% ownership stake in SpaceX. The surge in options volume suggests traders are positioning themselves ahead of a potential Initial Public Offering (IPO) by SpaceX, which is highly anticipated.