A SpaceX competitor's stock is jumping after teaming up with Verizon for space-based cell service

AST SpaceMobile rose 15% in premarket trading on Wednesday on news of a major deal. The satellite manufacturing company is joining forces with telecom leader Verizon. The move: AST SpaceMobile stock surged as much as 19% on Wednesday, extending a week of strong upward momentum. The satellite design and manufacturing company is up more than 300% in 2025. Why: On Wednesday, AST SpaceMobile announced an agreement with Verizon to provide cell service to consumers from space. Starting next year, the compa ...