• Satellite operators to receive over $6 billion for clearing upper C-band spectrum.
• SES, Eutelsat, and Telesat to receive $5.6 billion, $504 million, and $189 million respectively.
• Operators must move services to remaining 40 megahertz of upper C-band or other spectrum.
• FCC estimates auction could generate $40.8 billion-$69.6 billion.

The upper C-band auction may indicate a significant boost to the GEO industry, which could lead to increased investment in new geostationary spacecraft and other transition costs. The auction's outcome suggests a shift in the industry's focus towards next-generation terrestrial wireless services, which may benefit satellite operators and manufacturers alike.