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Elon Musk's SpaceX To Buy More EchoStar Spectrum Licenses For $2.6 Billion - AT&T (NYSE:T), EchoStar (NASDAQ:SATS)

Telecommunications firm EchoStar Corp. (NASDAQ:SATS) said on Thursday, it will sell more wireless spectrum licenses to SpaceX for about 2.6billioninexchangeforstockintheElonMuskbackedcompanythatownstheStarlinksatelliteinternetnetwork.Theannouncementisanextensiontothe2.6 billion in exchange for stock in the Elon Musk-backed company that owns the Starlink satellite internet network. The announcement is an extension to the 17 billion deal the companies struck in September, which will close after receiving regulatory approval. The AWS-3 licenses cover airwaves across the U.S. that can be used to support mobile and satellite communication ...