SpaceX negotiating to acquire EchoStar's Boost Mobile or use its network
ECHO EchoStar Corp
$101.19 +6.94%
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- 1SpaceX is considering acquiring EchoStar's Boost Mobile or negotiating to use its network.
- 2SpaceX's wireless spectrum license purchase amount was $8 billion earlier this month.
- 3EchoStar shares rose 4% in premarket trading.
So what's the key point?
SpaceX is in discussions to either buy or rent EchoStar's communication network. EchoStar's stock price rose 4% following this news.
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