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<p>In recent weeks, satellite business EchoStar has clinched multibillion-dollar deals with SpaceX and AT&T. It may sound like boom times for founder Charlie Ergen, but these deals illustrate something different: the abandoning of an ambitious, decades-long quest to build his own mobile phone network. The FT’s Wall Street editor Sujeet Indap and US trading and crypto correspondent Jill R Shah explain how Ergen’s fortunes changed, and the role Elon Musk and US President Donald Trump played in that. </p><br><p>Clips from CNBC, Reuters, Yahoo Finance, Echostar/Vimeo</p><br><p>- - - - - - - - - - - - - - - - - - - - - - - - - - </p><br><p><strong>For further reading:</strong></p><p><a href="https://www.ft.com/content/4681fa28-eb14-4cd3-9c2c-f26fabdca3aa" rel="noopener noreferrer" target="_blank">How a deal with Elon Musk helped a telecoms tycoon save his company from bankruptcy</a></p><p><a href="https://www.ft.com/content/da737bc5-49b0-46c5-b645-6af6b894fd9f" rel="noop...