AST SpaceMobile, Inc. (ASTS) stock surged 5.16% on Friday, driven by positive regulatory developments that pave the way for the company's satellite-based cellular broadband network testing in the United States.
The Federal Communications Commission (FCC) granted AST SpaceMobile Special Temporary Authority (STA) to test its first five commercial BlueBird satellites with unmodified smartphones on AT&T and Verizon's networks. This approval allows the company to conduct trials of its space-based network, which aims to provide seamless cellular broadband connectivity directly to mobile devices, without the need for specialized software or hardware.
The FCC's decision represents a pivotal milestone for AST SpaceMobile as it advances towards delivering its innovative space-based connectivity solution. The company plans to install five gateways in the U.S. and accelerate its path to commercial activity, starting with testing services on AT&T and Verizon's networks.
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