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flag EchoStar sells unpaired AWS-3 spectrum to SpaceX for $2.6B in stock to boost Starlink’s direct-to-cell service.

flag EchoStar has agreed to sell unpaired AWS-3 spectrum to SpaceX for $2.6 billion in stock, following a prior $17 billion deal. flag The transaction, announced November 6, 2025, reflects CEO Charlie Ergen’s belief the spectrum is better utilized by SpaceX to expand direct-to-cell services and integrate satellite networks. flag EchoStar retains its paired AWS-3 spectrum and will launch a new capital management unit. flag The deal is subject to regulatory approval and marks a major step in SpaceX’s efforts to scale its Starlink network.

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