GeneralBullishFortune Crypto · 4h ago7/10
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A dying satellite company sold spectrum to Elon Musk—and turned $11.1 billion in SpaceX stock into the Fortune 500’s best shareholder return
EchoStar, a struggling satellite company, sold spectrum assets to SpaceX and received $11.1 billion in SpaceX stock as compensation, generating exceptional shareholder returns that ranked among the Fortune 500's best. The deal highlights SpaceX's strategic value creation and the growing importance of spectrum allocation for satellite internet infrastructure.
