AST SpaceMobile stock surges 50% after Verizon partnership for satellite internet to phones
Publishing timestamp: 2024-05-29 12:04:01
Summary
AST SpaceMobile partners with Verizon, following a previous deal with AT&T, to provide space-based connectivity and eliminate dead zones. The partnership includes a $100 million raise for AST, with Verizon prepaying $65 million for commercial services and investing $35 million in debt. Other major players in the direct-to-device communications market include SpaceX, Apple, and T-Mobile.
Sentiment: POSITIVE
Tickers: VZ, TMUS, T, GSAT, ASTS, AAPL,
Keywords: elon musk, space industry, at&t inc, transportation, breaking news: business, the edge, breaking news: technology, business, t-mobile us inc, business news, verizon communications inc, technology, aerospace and defense industry, apple inc, ast spacemobile inc, telecommunications, globalstar inc,
Source: https://www.cnbc.com/2024/05/29/ast-spacemobile-verizon-satellite-internet.html