Why AST SpaceMobile Stock Exploded 35% Higher Today
ASTSAST SpaceMobile(ASTS) fool.com·2024-05-29 22:59

With two big telecom customers, AST SpaceMobile stock looks more buyable -- but it's not yet a sure thing. AST SpaceMobile (ASTS 43.90%) stock is on a roll. Two weeks ago, this tiny telecommunications start-up signed a deal with AT&T (T -0.55%) to provide AT&T customers cellphone-to-cellphone broadband internet connections via AST SpaceMobile satellites in orbit. This morning, AST announced it will also extend this relationship to Verizon (VZ -0.70%) customers. AST SpaceMobile stock jumped 35% on the news ( ...