Spectrum
AWS-3 Auction Concludes With Bids Totalling $3.5 billion
The agency will publish winning bidders ‘at a later date’
Space Exploration Technologies Corp. is a private space launch company founded in 2002 by Elon Musk. SpaceX develops the Starship launch system and satellite constellations—such as Starlink—with the mission to revolutionize space technology.
Spectrum
The agency will publish winning bidders ‘at a later date’
BEAD
The company was set to receive more than $90 million to serve 11,000 locations
Satellite
Sateliot had asked the agency to reconsider an April ruling affirming certain direct-to-device bands couldn’t be shared
Briefs
Underwriters purchased an additional 83 million shares
Spectrum
EchoStar would have been on the hook for a penalty payment if the licenses fetched less than that.
Space
The company has a market value of $2.21 trillion, with Forbes estimating Musk’s net worth at $1.1 trillion.
Spectrum
Analysts say proceeds clearing $2.9 billion is looking more and more likely.
BEAD
Arkansas also signed a grant agreement with SpaceX.
BEAD
The satellite operator has signed agreements in multiple other states.
Expert Opinion
Rivals AT&T, T-Mobile and Verizon are teaming up on a shared satellite network, a model of infrastructure collaboration that could boost connectivity and U.S. competitiveness.
Wireless
He reiterated the carrier isn’t worried about satellite competition.
AI
The company has filed confidential paperwork to potentially become a publicly traded company.
Expert Opinion
Satellite has brought availability to remote regions. But availability is not infrastructure.
Spectrum
DOJ is also looking to remove its requirement that EchoStar operate a mobile network, a remnant of the T-Mobile-Sprint merger.
Satellite
The company’s final deployment deadline in July 2029 is still in place.
BEAD
The state was optimistic it would finalize a still-pending contract with Amazon, which refused its Nebraska award.