WSJ Tech News Briefing TNB Tech Minute: SpaceX Agrees to $17 Billion Deal for Wireless Airwaves
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Sep 8, 2025 SpaceX has struck an impressive $17 billion deal to enhance its wireless services through Starlink. Databricks is on track to generate $4 billion in revenue, showcasing its significant growth. Meanwhile, OpenAI is venturing into animation with an AI-generated feature film, illustrating the innovative intersection of technology and media. These developments highlight the rapidly evolving landscape of the tech industry.
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SpaceX Buys EchoStar Spectrum
- SpaceX agreed to buy EchoStar spectrum rights for $17 billion plus about $2 billion toward interest payments through 2027.
- This deal boosts Starlink's ability to connect cell phones in areas beyond tower coverage.
Databricks' Rapid Revenue And Fundraising
- Databricks is on track for $4 billion revenue for its fiscal year, a 50% increase year-over-year.
- The company raised $1 billion at a $100 billion valuation to compete in the AI talent wars.
OpenAI Backs AI-Driven Animated Film
- OpenAI is supporting an AI-assisted animated feature, Critters, with under $30 million budget to show faster, cheaper production.
- The film will mix human voice actors and artist sketches fed into GPT-5 and image models to speed creation.