Elon Musk's SpaceX to pay $17B to EchoStar for wireless licenses to boost Starlink network
1. SpaceX acquires $17 billion spectrum licenses from EchoStar for Starlink. 2. The deal includes $8.5 billion cash and stock, improving cell service. 3. FCC investigating EchoStar's commitment to 5G prompted the acquisition. 4. EchoStar expects this deal will resolve FCC's concerns, boosting shares by 21.6%. 5. T-Mobile is discussing leasing some spectrum rights from SpaceX.