SpaceX strikes $17B deal to buy EchoStar’s spectrum for Starlink’s direct-to-phone service
SpaceX is purchasing 50MHz of wireless and Mobile Satellite Service spectrum licenses from EchoStar for approximately $17 billion to enhance its Starlink satellite network.
MAIN POINTS
- SpaceX is acquiring spectrum licenses from EchoStar.
- The purchase includes 50MHz of wireless spectrum.
- The deal is valued at about $17 billion.
- This acquisition aims to support the Starlink satellite network.
TAKEAWAYS
- SpaceX is expanding its spectrum assets to bolster Starlink services.
- The transaction involves a mix of cash and stock.
- EchoStar is the seller of these valuable spectrum licenses.
- The acquisition is a strategic move to enhance satellite internet capabilities.