EchoStar offloads satellite spectrum to SpaceX for $17 billion
EchoStar is selling wireless spectrum licenses to SpaceX for about $17 billion, enabling SpaceX to expand Starlink's direct-to-cell service and address an FCC probe.
The FCC is cracking down on EchoStar's deployment of 5G.
EchoStar has skipped interest payments and is facing an FCC probe, impacting its financial stability while still investing in future satellite technology.