SpaceX Boosts Starlink With $17 B EchoStar Spectrum Purchase
By Michelle Chapman | The Colorado Sun
The Douglas County satellite technology company, which also operates Dish Network, is also selling off wireless spectrum to AT&T
Elon Musk’s SpaceX has reached a deal worth about $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 $8.5 billion in cash and up to $8.5 billion in SpaceX stock. SpaceX will make approximately $2 billion in cash interest payments on EchoStar debt through November 2027.
SpaceX and EchoStar will enter into a long-term commercial agreement which will allow EchoStar’s Boost Mobile subscribers to access SpaceX’s next generation Starlink Direct to Cell service.
Shares of EchoStar su...