EchoStar Stock Soars as Firm Sells Spectrum to SpaceX, Says It Resolves FCC Issues
1. EchoStar sold spectrum licenses to SpaceX for $17 billion. 2. Shares of EchoStar (SATS) surged 20% following this announcement. 3. SpaceX deal resolves FCC inquiries regarding EchoStar's satellite rights. 4. EchoStar gains access to SpaceX's Starlink Direct to Cell service. 5. A similar $23 billion deal was made with AT&T recently.