From the debt quagmire to the embrace of Musk: EchoStar's spectrum acquired by SpaceX.

According to the Wise Finance APP, SpaceX, as the owner of the Starlink satellite internet network supported by Elon Musk, has agreed to acquire the wireless spectrum of EchoStar Communications (SATS.US) for about $17 billion. This move will help Charlie Ergen's struggling telecom company resolve pending regulatory investigations and repay debts.