EchoStar Sells Spectrum and Partners with SpaceX
EchoStar is selling its AWS-4 and H-block spectrum licenses to SpaceX for approximately $17 billion, enabling SpaceX to develop next-generation Starlink Direct-To-Cell satellites and improve global coverage, while EchoStar uses the proceeds to reduce debt and fund growth. The deal includes a long-term commercial agreement allowing EchoStar's Boost Mobile customers to access SpaceX's satellite service, and is expected to resolve FCC inquiries.