Buy SATS by Oct 18, 2027.

With SpaceX reportedly targeting a June 2026 IPO at a $1.75 trillion valuation, Looking into this I’ve found 2 proxies: $SATS (EchoStar) and $XOVR (ERShares Crossover). The part I can’t wrap my head around is the massive valuation gap between where these two are buying in and the projected IPO price. Am I missing something, or is this a blatant arbitrage play? The $SATS Math: EchoStar just closed a spectrum deal where they received $11.1 billion in SpaceX equity. Here’s …