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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)
Benzinga· 2025-11-06 20:42
Telecommunications firm EchoStar Corp. (NASDAQ:SATS) said on Thursday, it will sell more wireless spectrum licenses to SpaceX for about $2.6 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 ...