Elon Musk’s SpaceX has agreed to pay $17 billion for wireless spectrum licenses from EchoStar to build out its Starlink satellite network, the telecommunications firm said Monday.The deal includes $8.5 billion in cash and up to $8.5 billion of SpaceX’s stock portfolio for two blocks of wireless spectrum that could expand its reach to cellphone users.SpaceX also agreed to pay about $2 billion of cash toward interest payments on EchoStar’s debt through November 2027. 3 Elon Musk at President Trump’s inaugur ...

Shares of EchoStar jumped more than 17% on Monday after the telecommunications company unveiled a $17 billion deal with SpaceX to sell its AWS-4 and H-block spectrum licenses. The agreement marks the ... ...

Shares of EchoStar Corp (NASDAQ:SATS) are soaring today, up 17.1%  to trade at $78.71 at last look, after news that the company is selling wireless spectrum licenses to Elon Musk's SpaceX for roughly $17 billion. The deal, which expands Starlink's mobile coverage abilities, is pushing the rest of the telecommunications sector lower today. Today's pop has SATS gapping to record highs. The stock had already been on a record run, however, notching several all-time peaks since its Aug. 26 bull gap following a d ...

Guys, I did want to talk uh this morning about the Echoar >> Starlink deal because it's an important one and it's having an impact on any number of stocks well beyond Echoar itself, shares of which are up another 20%. remember it was only a couple of weeks ago we got that $23 billion sale of Spectrum owned by Echoar to AT&T which sent the stock flying completely eliminated what had been concerns about bankruptcy for this company. Well, a lot of the speculation after that centered on additional spectrum that ...

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

EchoStar (SATS) shares soared 20% Monday as the DISH TV and Boost Mobile operator sold some spectrum licenses to Elon Musk's rocket and satellite company SpaceX for about $17 billion. It's the second ... ...

The shares of American satellite communications firm EchoStar (NASDAQ: SATS) are surging as investors react to its newly announced deal with Elon Musk’s SpaceX.Notably, EchoStar closed at $67.24 on Friday and rose to $80.94 in premarket trading, marking a gain of more than 20%. The rally extends a remarkable run for SATS, which has advanced over 260% in the past year and nearly 190% year to date.SATS one-day stock price chart. Source: Google FinanceThe momentum came after EchoStar confirmed it had entered i ...

Core Insights - EchoStar's stock price has surged to record levels following a significant $17 billion agreement to sell spectrum to SpaceX, led by Elon Musk [1] Company Summary - The $17 billion deal represents a major strategic move for EchoStar, enhancing its financial position and market presence [1] - The transaction is expected to provide EchoStar with substantial liquidity, allowing for potential reinvestment in growth initiatives [1] Industry Summary - The deal highlights the increasing competition and consolidation within the satellite and telecommunications industry, as companies seek to secure valuable spectrum assets [1] - SpaceX's acquisition of spectrum is indicative of the growing demand for satellite-based services, particularly in the context of expanding internet connectivity [1]

Core Points - SpaceX is set to pay a total of up to $17 billion in the transaction, which includes $8.5 billion in cash and $8.5 billion in stock [1] Company Summary - The transaction indicates a significant financial commitment from SpaceX, reflecting its strong position in the market and potential for growth [1]

EchoStar on Monday agreed to sell wireless spectrum licenses to SpaceX for its Starlink satellite network for about $17 billion, after regulators scrutinized its underused assets intended for a 5G rollout. ...