ASTS stock today: ASTS stock skyrockets 20% after company signs deal with Verizon to provide cellular service from space

Subordinates StockAST Spacemobile’s (ASTS) stock rose more than 20% on Wednesday after the Texas-based company announced a major partnership with Verizon to bring space-based cellular service to the United States starting next year, according to a report.

AST Spacemobile and Verizon expand partnership for space-based cellular service

The agreement, which expands on a collaboration first revealed last year, will allow Verizon customers to connect directly to cell service “on an as-needed basis,” AST said.
The move marks a significant step forward in the race to deliver global mobile coverage via satellite technology, sending AST’s already high-flying stock soaring yet again, according to a report.
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ASTS stock up more than 250% in 2025

Before the announcement, AST Spacemobile shares were up more than 250% for the year, reflecting growing investor excitement over satellite broadband ambitions. Verizon stock also rose about 0.7%, as reported by CNBC.

CEO Abel Avellan highlights vision for nationwide coverage

“Through our definitive commercial agreement with Verizon, we are working to deliver space-based cellular broadband coverage from space to space,” Abel Avellan, founder and CEO of AST Spacemobile, said in a press release.

Verizon to expand coverage in remote US areas

Although financial details of the deal were not disclosed, Avellan said it would allow Verizon to extend its 850 MHz premium low-band spectrum to remote areas across the country, offering a significant coverage increase for customers in the United States, according to a CNBC report.

AST Spacemobile’s technology connects directly to standard smartphones

According to the report, the announcement follows successful testing of AST’s satellite network, which the company says is the world’s first and only space-based cellular system.

AST Spacemobile said its technology will support both commercial and government users, positioning it as a key player in the emerging market for satellite-powered mobile connectivity, according to a CNBC report.

FAQ

What did Asta Stock jump today?
Surp follows its new deal with Verizon to provide space-based cellular service in the US.

When will the new area-based mobile service launch?
The service is expected to start next year.