LA PLATA, Maryland — EchoStar Corp. Chairman Charles W. Ergen covered SpaceX with praise in September following EchoStar’s sale of spectrum assets for $17 billion, with up to half of it coming in the form of Class A shares of SpaceX stock at a price of $212 per share.
At the time, industry estimates of SpaceX’s valuation, based on recent private capital raises, was about $400 billion.
Two months after the September transaction was announced, the two companies agreed to an amendment that increased . . .
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