Elon Musk’s SpaceX spends $17 billion to acquire spectrum licenses from EchoStar
Elon Musk’s SpaceX has reached a deal worth about USD 17 billion with EchoStar for spectrum licenses that it will use to beef up its Starlink satellite network.
The deal for EchoStar’s AWS-4 and H-block spectrum licenses includes up to USD 8.5 billion in cash and up to USD 8.5 billion in SpaceX stock. SpaceX will make approximately USD 2 billion in cash interest payments on EchoStar debt through November 2027.
