SpaceX buys wireless spectrum from EchoStar in $17 billion deal

Elon Musk's SpaceX said Monday it will buy wireless spectrum licenses from EchoStar (SATS.O), opens new tab for its Starlink satellite network for about $17 billion, a major deal crucial to expanding Starlink's nascent 5G connectivity business.The companies also agreed to a deal that will enable EchoStar's Boost Mobile subscribers to access Starlink direct-to-cell service to extend satellite service to areas without service. The spectrum purchase allows SpaceX to start building and deploying upgraded, laser-connected satellites that the company said will expand the cell network's capacity by "more than 100 times."...The push comes amid fast-rising wireless usage. In 2024, Americans...