AST SpaceMobile, a satellite company, saw its shares rally after receiving temporary approval from the Federal Communications Commission (FCC) to test its technology with major carriers AT&T and Verizon. The approval is significant for the company and its investors as it represents a crucial step forward in commercializing its wireless communication platform. With this news, AST SpaceMobile’s stock price increased significantly, indicating confidence among investors about the company’s prospects.
Source: https://finance.yahoo.com/video/ast-spacemobile-stock-jumps-fcc-205146284.html