Overview

• The definitive deal totals up to $8.5 billion in cash and up to $8.5 billion in SpaceX stock, with SpaceX also funding about $2 billion of EchoStar interest payments through November 2027.
• SpaceX is acquiring 50 MHz of AWS‑4 spectrum in the lower 2 GHz band plus global Mobile Satellite Service licenses that it plans to use for Starlink Direct to Cell.
• A long‑term commercial agreement will allow EchoStar’s Boost Mobile subscribers to access Starlink’s next‑generation Direct to Cell service.
• EchoStar says this transaction, together with its $23 billion spectrum sale to AT&T in August, is expected to resolve the FCC’s inquiry into its spectrum use.
• Closing remains subject to regulatory approvals, and SpaceX says exclusive spectrum will enable next‑gen satellites with more than 100× the capacity of its first Direct to Cell system.