Verizon Partnership Sends Shares of a Space-Based Cell Provider AST SpaceMobile Soaring
Investopedia·2025-10-08 15:40

Core Insights - AST SpaceMobile has partnered with Verizon Communications to provide direct-to-customer broadband service across the continental U.S., leading to a significant increase in AST SpaceMobile's stock price, which surged 250% this year [1][4]. Group 1: Partnership Details - The service will be available to Verizon customers in 2026, allowing them to have cell reception anywhere in the continental U.S. without the need for specialized equipment [2][6]. - The partnership aims to enhance coverage in remote areas, marking the beginning of a new era of space-based connectivity [3][4]. Group 2: Technological Impact - The deal will extend Verizon's 850 MHz premium low-band spectrum into areas that will benefit from space-based broadband technology [4]. - Verizon's senior vice president emphasized that this partnership is not merely about filling coverage gaps but creating a new paradigm of connectivity that will unlock the full potential of the digital age [4].