A devastating drop in the stock of a struggling satellite company has put a spotlight on a pair of shareholders who partly escaped the carnage.Intelsat, a Luxembourg-based satellite operator that provides TV and radio communications, has seen its shares plunge more than 85 percent as its plan to bag a windfall by selling its rights to valuable US airwaves has fizzled.Last week, the Federal Communications Commission voted 3-2 to hold a public auction for the airwaves — scuttling Intelsat’s hopes for a more lucrative private sale — as the US looks to use the spectrum for an accelerated,...…A devastating drop in the stock of a struggling satellite company has put a spotlight on a pair of shareholders who partly escaped the carnage.Intelsat, a Luxembourg-based satellite operator that provides TV and radio communications, has seen its shares plunge more than 85 percent as its plan to bag a windfall by selling its rights to valuable US airwaves has fizzled.Last week, the Federal Communications Commission voted 3-2 to hold a public auction for the airwaves — scuttling Intelsat’s hopes for a more lucrative private sale — as the US looks to use the spectrum for an accelerated,...WW…