Shares of AST SpaceMobile, which is building the world's first large-scale cellular network via satellites, jumped 4.2% on Wednesday after signing a 10-year commercial agreement with Saudi telecom company STC to enable direct-to-device connectivity via satellites.
AST SpaceMobile Shares Surge on Deal with Saudi STC
Shares of AST SpaceMobile jumped 4.2% on Wednesday after signing a 10-year commercial agreement with Saudi telecom company STC to enable direct-to-device connectivity via satellites.