EchoStar Agrees to Sell Full Unpaired AWS-3 Spectrum License Portfolio to SpaceX

EchoStar has entered into an amended definitive agreement with SpaceX to sell the company's unpaired AWS-3 licenses for approximately $2.6 billion in SpaceX stock valued as of September 2025. This transaction builds on the agreement the companies entered into in September. EchoStar's unpaired AWS-3 licenses are nationwide and are part of 3GPP Band 70n (1695-1710 MHz uplink).

EchoStar shares jumped 6.5% in premarket trading.

"This transaction with SpaceX, in addition to our previously announced spectrum transactions and commercial agreements, will strengthen EchoStar's ability to develop new business opportunities and growth in value for our shareholders," said Hamid Akhavan, CEO, EchoStar Capital. "The combination of AWS-3 uplink, AWS-4 and H-block spectrum from EchoStar with the rocket launch and satellite manufacturing capabilities from SpaceX accelerates the realization of powerful and economical direct-to-cell service offerings for consumers and enterprises worldwide, including our Boost Mobile customers."

Closing of the proposed transaction will occur after all required regulatory approvals are received and other closing conditions are satisfied.

Current operations of EchoStar's DISH TV, Sling TV, Boost Mobile and Hughes will not be impacted by this transaction.