EchoStar jumps on $17 billion spectrum licenses deal with SpaceX
08/09/2025 11:53
** Telecommunications services firm EchoStar's SATS.O shares jump 46.4% to $98.42 premarket ** SATS has entered into a definitive agreement with SpaceX to sell the company's AWS-4 and H-block spectrum licenses for about $17 billion ** The deal consists of up to $8.5 billion in cash and up to $8.5 billion in SpaceX stock valued as of the entry into the definitive agreement ** Under the agreement, SpaceX will cover about $2 billion in EchoStar's cash interest payments through November 2027 ** Closing of the proposed transaction will occur after all required regulatory approvals are received and other closing conditions are satisfied - companies ** In August, SATS agreed to sell wireless spectrum licenses for $23 billion to AT&T T.N ** As of last close, stock nearly tripled this year (Reporting by Jaspreet Singh in Bengaluru) ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))