EchoStar to Sell Spectrum to SpaceX in $17 Billion Deal to Resolve FCC Probe

EchoStar, a global technology, networking, and TV entertainment firm, has forged a $1.7 billion agreement with SpaceX, a worldwide space technology firm, to sell its AWS-4 and H-block spectrum licenses.

A spectrum license is a legal authorization from the Federal Communications Commission (FCC) or other governmental agency that allows a company to have exclusive rights to use a specific band of radio frequencies for a designated amount of time and geographic region. Spectrum licenses prevent interference and ensure operations.