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EchoStar Gains on SpaceX Talks; Lumentum, Marvell Reach Deal | Stock Movers

Bloomberg Markets Monday 02 November 2026, 16:08 UTC 1 min read
Key Points

On this episode of Stock Movers: - EchoStar (ECHO) is gaining on news Elon Musk's SpaceX is looking to start a wireless service with Echostar. - Lumentum (LITE) is moving on news Marvell Technology has reached a deal to buy Lumentum at an enterprise value of $115 billion. Lumentum makes lasers and other optical technology for moving enormous amounts of data at high speeds, which underpins the AI boom.

On this episode of Stock Movers: - EchoStar (ECHO) is gaining on news Elon Musk's SpaceX is looking to start a wireless service with Echostar. - Lumentum (LITE) is moving on news Marvell Technology has reached a deal to buy Lumentum at an enterprise value of $115 billion. Lumentum makes lasers and other optical technology for moving enormous amounts of data at high speeds, which underpins the AI boom. - Apple (AAPL) shares are moving ahead of its earnings report today. Apple shares have climbed 25% from a low in late June, adding roughly $1 trillion in market value, as the company’s steady revenue growth and rising free cash flow have offered a haven for investors. (Source: Bloomberg)
SpaceX Talks (ORG) Lumentum (PERSON) Marvell Reach (ORG) Stock Movers: - EchoStar (ORG) ECHO (ORG) Elon Musk's (PERSON) SpaceX (ORG) Echostar (ORG) Marvell Technology (ORG) AI (ORG) Apple (ORG) AAPL (ORG) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →

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