AST SpaceMobile Stock Rallies After Major Deal With Verizon

Core Viewpoint - AST SpaceMobile's stock has surged significantly due to a new agreement with Verizon to provide satellite-based cell service, marking a pivotal moment for the company in the space tech sector [1][3]. Group 1: Stock Performance - AST SpaceMobile's stock increased by as much as 19% on Wednesday, continuing a week of strong upward momentum [1]. - The company's stock has risen over 300% in 2025 [1]. Group 2: Partnership with Verizon - AST SpaceMobile announced a partnership with Verizon to offer direct-to-cellular connections via satellite starting next year [1]. - This agreement will enhance Verizon's 850 MHz premium low-band spectrum coverage in the U.S. using space-based broadband technology [2]. Group 3: Market Implications - The Verizon deal is seen as a significant milestone, potentially transforming AST SpaceMobile from a meme stock into a serious competitor in the space tech industry, particularly against larger rivals like SpaceX [3]. - The news has generated positive reactions among retail traders, especially on platforms like Reddit's Wall Street Bets [3]. Group 4: Previous Stock Movements - In September, AST SpaceMobile's stock experienced a brief surge due to a false report about América Móvil considering a stake in the company [4].