Verizon Deal Makes AST SpaceMobile Billionaire $500 Million Richer In A Day
AST Spacemobile CEO Abel Avellan Jamel Toppin for Forbes On Wednesday, AST SpaceMobile announced a deal to provide cellular service from space to fill in coverage gaps for Verizon customers, starting in 2026. The agreement, which expands on a $100 million May 2024 deal, sent AST stock skyrocketing 9% Wednesday—making the Texas-based satellite cellular provider’s…