"Our Core Satellite & Space index was up +11% in September, outperforming the S&P 500 which saw a gain of +2% and the MSCI Global (ex.-U.S.) index which saw a gain of +3%.
Transaction activity increased in the month, with 14 minority VC/PE equity financings, seven M&A transactions, and two public equity financings announced.  
The largest M&A transaction announced in the month was EchoStar’s sale of its DISH satellite TV business (DISH DBS) to DIRECTV at an enterprise value of $11.6 billion. The divestiture was part of a complex, multi-faceted, multi-party sale and financing transaction for EchoStar that positions the remaining company in 5G wireless broadband (Boost Mobile), spectrum holdings, and satellite / managed services (Hughes).