SpaceX Purchasing Wireless Spectrum Licenses From EchoStar For $17 Billion
1. SpaceX is acquiring wireless spectrum licenses from EchoStar for $17 billion. 2. This deal enhances SpaceX's position in the cell-phone market. 3. The acquisition involves both cash and stock payments. 4. EchoStar owns the Boost Mobile cell provider, linking them to SATS indirectly. 5. The transaction details are still developing; more updates expected soon.