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flag SpaceX buys EchoStar's spectrum licenses for $17 billion, boosting Starlink and aiding EchoStar's 5G efforts.

flag Elon Musk's SpaceX has acquired $17 billion worth of spectrum licenses from EchoStar, combining $8.5 billion in cash and an equivalent amount in SpaceX stock. flag This deal will enhance SpaceX's Starlink satellite network and allow EchoStar's Boost Mobile subscribers to access Starlink's Direct-to-Cell service. flag SpaceX will also cover about $2 billion of EchoStar's debt interest payments. flag The transaction is expected to resolve recent FCC inquiries into EchoStar's 5G rollout, with EchoStar using part of the proceeds to pay down debt.

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