Elon Musk's SpaceX to pay $17B to EchoStar for wireless licenses to boost Starlink network

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 ...