SpaceX Signs $17 Billion Deal to Boost Starlink
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SpaceX made a deal with EchoStar. The deal is for about $17 billion dollars. SpaceX wants to make its Starlink better with this deal.
The deal includes money and SpaceX stock. EchoStar will get up to $8.5 billion in each. SpaceX will also pay money on EchoStar's debt until 2027.
SpaceX and EchoStar will have an agreement. Boost Mobile users can use Starlink's service. This will let phones connect to satellites directly.
EchoStar's stock went up a lot. It went up 19% before the market opened. AT&T will also buy licenses from EchoStar for $23 billion.
EchoStar says the sales help with FCC questions. The FCC asked about 5G and how it is used. EchoStar will use the money to pay debts and current services will continue.
Questions
How much money is the deal between SpaceX and EchoStar worth?
$17 billion dollars.
What will Boost Mobile users be able to do with the new agreement?
They can use Starlink's service.
What will EchoStar do with the money from the sales?
They will pay debts and continue current services.
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