SATS · CIK 0001415404
What EchoStar Corp. told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far — we surface every cited disclosure we’ve extracted for SATS. More may follow as additional filings are processed.
In its own words
What could break it.
Regulatory & policy
- ITAR / export control / trade sanctions (incl. China satellite restrictions)medium
EchoStar's satellite and telecom equipment/services are subject to ITAR, export controls and trade sanctions, including prohibitions on sharing certain satellite-related goods and services with China.
“The export of other items is regulated by the U.S. Department of State's Directorate of Defense Trade Controls under the ITAR and are subject to strict export control and prior approval requirements government (including prohibitions on the sharing of certain satellite-related goods and services with China).”
Supplier concentration
- limited vendors for wireless devices / network equipmentmedium
EchoStar relies on a limited number of vendors to supply the wireless devices and wireless network equipment used in its Hybrid MNO.
“We also rely on a limited number of vendors to supply our wireless devices and wireless network equipment used in connection with our Hybrid MNO.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings — including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
“The AT&T License Purchase Agreement also extends to AT&T the right to lease certain 3.45 GHz licenses from us, which AT&T exercised, subject to a short-term spectrum manager lease, at the end o”
Cited →Space Exploration Technologies Corp
“During 2025 , we also entered into agreements to acquire 65 MHz of spectrum in the United States as well as certain global Mobile Satellite Service spectrum licenses from EchoStar for $19.6 billion of equity and cash consideration, as described below under “—Liquidity and Capital Resources—Material Cash Commitments .” We expect the spectrum acquisition to close in November 2027, subject to required regulatory approvals and other closing conditions .”
Cited →
Its suppliers
Space Exploration Technologies Corp. (SpaceX / Starlink)
“The SpaceX License Purchase Agreement also provides for future long-term commercial agreements that will enable us to offer our Wireless subscribers access to SpaceX's next-generation Starlink Direct to Cell text and voice and broadband”
Cited →“During the years ended December 31, 2025 , December 31, 2024 and December 31, 2023 one customer, EchoStar, accounted for 11.7%, 10.7% and 10.7% of revenue.”
Cited →
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