Brian Wang EchoStar has sold its unpaired AWS-3 spectrum licenses to SpaceX for about $2.6 billion in stock. This follows a prior deal for $17 billion transaction for AWS-4 and H block. Echostar also announced a financial recognition of $16.5 billion impairment on 5G assets and a $3.9 billion net loss. EchoStar will manage its $11 billion stake in SpaceX through a new division while keeping paired AWS-3 holdings. The paired AWS-3 spectrum will likely be sold to Verizon. Echostar took a $3.9 billion loss for accounting. but they now have $2.6 billion more spacex.About $11.1 billion. They can still sell the AWS-3 paired portion to Verizon to get gain or no loss on that 5G spectrum. Echostar had sold the AT&T part for a gain. Brian Wang Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology. Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels. A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements. Categories