EchoStar subsidiary Hughes Network Systems filed for Chapter 11 bankruptcy protection on August 2nd, saying it didn’t have the cash to meet its debt obligations. EchoStar’s satellite internet subsidiary had just $102 million (€88.5m) in cash against a massive debt maturity. Hughes has steadily lost satellite internet subscribers over the past six years and steadily eroding the revenue base it needed to service its debt. The lost subscribers are seen as having migrated to Starlink. The bankruptcy filing was made in the Southern District of Texas.