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Home › Finance › A dying satellite company sold spectrum…
Finance

A dying satellite company sold spectrum to Elon Musk—and turned $11.1 billion in SpaceX stock into the Fortune 500’s best shareholder return

Fortune Jun 4, 2026 11h ago ⏱ 1 min read 👁 1 views
A dying satellite company sold spectrum to Elon Musk—and turned $11.1 billion in SpaceX stock into the Fortune 500’s best shareholder return
Image via Fortune
📋 Article Summary
36 words
“They've been the best company I've ever worked with in 45 years,” EchoStar president and cofounder Charlie Ergen said of SpaceX. This story was reported by Fortune. For more Finance news in Kenya, stay tuned to Masaa.
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