Jackson Peak Capital on EchoStar
Thesis
As a top holding and significant event-driven position, our investment in EchoStar is based on the large discount to its net asset value (NAV). We anticipate a value realization catalyst with the upcoming SpaceX IPO in Q2.
“EchoStar (SATS) remains a top holding and our most significant event-driven position, heading into the SpaceX IPO. ... We continue to hold a significant position in SATS heading into the anticipated SpaceX IPO in Q2 given the large discount to NAV.”