SpaceX Purchasing Wireless Spectrum Licenses From Echostar
Digest more
Elon Musk's SpaceX has agreed to acquire 50MHz of wireless spectrum and Mobile Satellite Service spectrum licenses from EchoStar for about $17 billion in cash and stock for its Starlink satellite network.
2d
Investor's Business Daily on MSNEchoStar Stock Jumps On Spectrum Sale To SpaceX. AST, Iridium Retreat. Globalstar Pops.
EchoStar stock surged after the company announced a spectrum sale to SpaceX for approximately $17 billion, including $8.5 billion in cash.
A leading budget carrier is poised to be the next with direct-to-cell satellite service after Starlink buys $17 billion worth of spectrum rights
Shares of cell carriers and other telecommunication companies fell Monday after SpaceX agreed to buy spectrum licenses from EchoStar, expanding its presence in the cellphone market.