AST SpaceMobile Shares Climb After Carriers Announce Joint Venture Tied to Satellite Coverage
AST SpaceMobile shares rose intraday after AT&T, Verizon and T-Mobile revealed a joint venture to extend cellular coverage into so-called dead zones using satellite-based technology aligned with AST SpaceMobile’s offering. The company reacted positively, highlighted recent technical and regulatory progress, and received an analyst price-target incr…