EchoStar has sold another $2.6 billion in spectrum to Elon Musk’s SpaceX , giving the wireless and pay-TV company a stake of about 3% that is currently worth $11 billion.

The transaction, announced Thursday along with the company’s third-quarter results, builds on a $17 billion spectrum deal between the companies last September. On the SpaceX end, it makes Musk a bigger player in the wireless business.

In addition to the financials and the spectrum deal, the company announced that co-founder and chairman Charlie Ergen has returned to the CEO role of the Dish Network parent. After a pioneering run building a major pay-TV player in Dish, Ergen steered the company through its recent pivot to the wireless business before stepping back from a day-to-day exec role last year.

Dish, wh

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