EchoStar has sold its AWS-3 spectrum licenses for a staggering $2.6 billion to SpaceX, boosting the company’s Starlink cellular service capabilities. This significant transaction signifies a strategic realignment in satellite communication and expands SpaceX’s reach globally. 🤝 🛰️ 🌎 The deal involves significant leadership shifts as both companies strategically position themselves within the ever-evolving landscape of satellite internet services. 🚀 💰 EchoStar has bolstered its financial strength by receiving SpaceX stock in return for the spectrum licenses, a move that could further enhance its market valuation. 📈 This acquisition strengthens Starlink’s capabilities and paves the way for greater innovation in both satellite internet service and direct-to-cell communication.