https://images.mktw.net/im-47635856
Last Updated:
First Published:
Shares of EchoStar Corp. were soaring in early trading Monday after the satellite and wireless company clinched a $17 billion deal to sell spectrum licenses to Elon Musk’s SpaceX, which is looking to enhance wireless coverage.
The two companies are also entering into a long-term commercial agreement that will give EchoStar’s
SATS Boost Mobile subscribers access to SpaceX’s Starlink direct-to-cell service.
This post was originally published on Market Watch
