AST SpaceMobile (NASDAQ:ASTS) stock is on the rise Wednesday after the space-based wireless phone service company announced a deal with Verizon (NYSE:VZ).This deal has AST SpaceMobile agreeing to supply Verizon customers with its direct-to-cellular AST SpaceMobile service when needed. It also comes with a $100 million commitment from Verizon.AST SpaceMobile founder, chairman and CEO Abel Avellan said the following about the deal.“This new partnership with Verizon will enable AST SpaceMobile to target 100% c ...

Satellite-to-phones service provider AST SpaceMobile announced a partnership with Verizon on Wednesday, adding to the company's recent deal with AT&T to provide remote coverage across the United States.AST SpaceMobile is building satellites to provide broadband service to unmodified smartphones, in the nascent "direct-to-device" communications market.The company's chairman and CEO, Abel Avellan, touted AST's agreements with Verizon and AT&T as "essentially eliminating dead zones and empowering remote areas ...

Which of these three space stocks will win the profitability race?After a long holiday weekend, shares of U.S. space stocks took off like rockets on Tuesday. As of 1:20 p.m. ET, AST SpaceMobile (ASTS 6.09%) had gained 6.3% and seemed poised to resume its winning streak. Rocket Lab USA (RKLB 5.47%) wasn't far behind, up 5.6% after announcing a successful weekend rocket launch.Best of all was Virgin Galactic (SPCE 22.52%) stock. On Monday, multiple news outlets reported that the Swiss National Bank has been b ...

Investors with different risk tolerances might see the stock differently.Some Wall Street analysts insist AST SpaceMobile (ASTS 7.60%) is a winner despite having no earnings.AST's first-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) were negative $42.42 million. The cash flow statement for the same period listed negative $53.12 million in free cash flow.It's no surprise when new and relatively young growth companies fail to turn a profit in their first few years. These comp ...

LOS ANGELES, May 24, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against AST SpaceMobile, Inc. ("AST SpaceMobile" or "the Company") (NASDAQ: ASTS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 14, 2023 and April 1, 2024, inclusive (the "Class ...

NEW YORK, May 22, 2024 /PRNewswire/ --WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of AST SpaceMobile, Inc. (NASDAQ: ASTS) between November 14, 2023 and April 1, 2024, both dates inclusive (the "Class Period"), of the important June 17, 2024 lead plaintiff deadline.SO WHAT: If you purchased AST SpaceMobile securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. ...

Wall Street sees an asymmetric opportunity in this space stock.A day after AST SpaceMobile (ASTS 23.95%) stock got a big boost from the company solidifying a key partnership, Wall Street is rallying to the cause. Shares of the space communications company got a price target boost and had traded up 19% by 11 a.m. ET.Is AST a potential five-bagger stock?AST SpaceMobile is attempting to build a business that links smartphones to its satellite-based network. The technology would allow for voice calls and data c ...

LOS ANGELES, May 16, 2024 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against AST SpaceMobile, Inc. ("SpaceMobile" or the "Company") (NASDAQ: ASTS).Class Period: November 14, 2023 – April 1, 2024Lead Plaintiff Deadline: June 17, 2024If you wish to serve as lead plaintiff of the SpaceMobile lawsuit, you can submit your contact information at www.glancylaw.com/cases/AST-SpaceMobile-Inc/. ...

The company is solidifying an important partnership ahead of its commercial rollout.Space mobility specialist AST SpaceMobile (ASTS 52.62%) is formalizing ties with partner AT&T ahead of its commercial launch this summer. That news, along with AST's latest earnings report, has the stock going to the moon.Shares of AST SpaceMobile were up 34% as of 10:30 a.m. ET after opening as much as 48% higher.An important strategic partnerAT&T and AST SpaceMobile have been working together since 2018, but this new comme ...

AST SpaceMobile (NASDAQ:ASTS) stock is rocketing higher on Thursday after the space-based cellular broadband network company signed an agreement with wireless provider AT&T (NYSE:T).This agreement caps off a Memorandum of Understanding between the two companies that was signed in 2018. it has them working together on a space-based broadband network available to everyday cellphones through 2030.AST SpaceMobile plans to start this effort this summer with the delivery of five commercial satellites to Cape Carn ...