Reported about 14 hours ago
EchoStar has announced the sale of additional wireless spectrum licenses to SpaceX for approximately $2.6 billion, which will be exchanged for stock in the space company. This deal builds upon a prior agreement worth $17 billion made in September, aiming to enhance mobile and satellite communications. The acquisition of AWS-3 licenses will enable the rapid development of affordable direct-to-cell services by combining EchoStar's spectrum with SpaceX's satellite technology.
Source: YAHOO