AST SpaceMobile, Inc. (ASTS) witnessed a remarkable surge of over 5% in its stock price during Tuesday's intraday trading session. This upward movement can be attributed to two key developments, as revealed by recent news reports.
Firstly, the company secured a pivotal approval from the Federal Communications Commission (FCC) to commence testing of its first five commercial BlueBird satellites. This approval paves the way for AST SpaceMobile to demonstrate its capabilities in providing voice, data, and video services through a space-based cellular broadband network.
Secondly, AST SpaceMobile's partnerships with major telecommunications giants like AT&T and Verizon have bolstered investor confidence. These partnerships highlight the company's potential in delivering seamless global connectivity through its innovative space-based technology.
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