Why Is AST SpaceMobile (ASTS) Stock Up 33% Today?
ASTSAST 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 ...