EchoStar Stock Surges 23% on Sale of Licenses to SpaceX for $17 Billion

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]