Why Is AST SpaceMobile (ASTS) Stock Up 33% Today?
AST SpaceMobile(ASTS) investorplace.com·2024-05-29 22:27
AST SpaceMobile (NASDAQ:ASTS) stock is on the rise Wednesday after the space-based wireless phone service company announced a deal with Verizon (NYSE:VZ).This deal has AST SpaceMobile agreeing to supply Verizon customers with its direct-to-cellular AST SpaceMobile service when needed. It also comes with a $100 million commitment from Verizon.AST SpaceMobile founder, chairman and CEO Abel Avellan said the following about the deal.“This new partnership with Verizon will enable AST SpaceMobile to target 100% c ...