EchoStar has struck a major deal, selling spectrum licenses worth $2.6 billion to SpaceX for use in expanding its global Starlink service. This transaction is anticipated to significantly bolster SpaceX’s communication capabilities and address regulatory concerns. 19% growth was seen in EchoStar’s stock price as a result of this news. EchoStar continues to focus on partnerships that benefit customers, particularly in the realm of direct-to-cell service. The collaboration between EchoStar and SpaceX combines the expertise of both companies, enabling them to efficiently deliver services to consumers worldwide through innovative and cost-effective methods. 2.6 billion dollars will help resolve regulatory inquiries for EchoStar and reduce debt. Financial markets reacted favorably to this news, with stock prices of EchoStar rising, demonstrating confidence in the company’s direction. Notably, this deal doesn’t directly impact cryptocurrency or DeFi markets.