$17 Billion: Elon Musk's SpaceX struck a deal with EchoStar Corporation

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$17 Billion: Elon Musk's SpaceX struck a deal with EchoStar Corporation for 50 MHz of exclusive U.S. spectrum and global MSS licenses, a move that supercharges its Starlink Direct to Cell service worldwide.

"This agreement will enable us to develop and deploy our next-generation Starlink Direct to Cell constellation, which will be capable of providing broadband service to cell phones globally," SpaceX wrote in a press release on Monday morning.

Here's the breakdown of the SpaceX–EchoStar spectrum deal.

EchoStar wrote in a press release that SpaceX is paying $8.5 billion in cash and up to $8.5 billion in SpaceX stock for its AWS-4 and H-block spectrum licenses, adding that the proceeds will be used to "retire certain debt obligations and fund EchoStar's continued operations and growth initiatives."

https://www.zerohedge.com/technology/sp ... irect-cell