Musk's SpaceX spends $17 billion to acquire spectrum licenses from EchoStar

FILE - A SpaceX logo is displayed on a building on May 26, 2020, at the Kennedy Space Center in Cape Canaveral, Fla. (AP Photo/David J. Phillip, File)

BRAMPTON - MDA Space Ltd. says EchoStar Corp. is cancelling a contract announced earlier this year after it signed a deal to sell a package of spectrum licenses to Space X.

EchoStar announced a deal Monday to sell its AWS-4 and H-block spectrum licenses to SpaceX for about US$17 billion in cash and shares.

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