EchoStar Ramps Up Wireless War With $17 Billion Sale of Spectrum to SpaceX. Why the Stock Is Soaring

EchoStar (SATS) and SpaceX just sent shock waves through the wireless communications business. EchoStar announced it reached a $17 billion cash-plus-stock agreement to sell the company’s AWS-4 and H-block spectrum licenses to SpaceX.

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