Sawyer Merritt(@SawyerMerritt):US satellite internet provider Hughesnet has filed for Chapter 11 bankruptcy after running low on cash and losing subscribers to @Starlink. In a quarterly report today, EchoStar also noted that its broadband subscribers had fallen to 622,000, a loss of 59,000 during Q2. “We continue to experience increased competition from satellite-based competitors and other technologies," it said.

Sawyer Merritt

@SawyerMerritt

EVs/space/tech. Bringing you the latest news in a single, easy-to-read feed. $TSLA & $SPCX investor, Model Y owner.

가입 January 2011

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Sawyer Merritt@SawyerMerritt

2026.08.03 15:39

US satellite internet provider Hughesnet has filed for Chapter 11 bankruptcy after running low on cash and losing subscribers to @Starlink. In a quarterly report today, EchoStar also noted that its broadband subscribers had fallen to 622,000, a loss of 59,000 during Q2. “We continue to experience increased competition from satellite-based competitors and other technologies," it said.