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AST SpaceMobile Stock Is Blasting Off After The Bell: Here’s Why

The after-hours surge in shares of AST SpaceMobile appears to be in reaction to the company's new agreement with AT&T. AST SpaceMobile said it entered into a definitive commercial agreement with AT&T to provide a space-based broadband network direct to everyday cell phones. The two companies were previously working together under a Memorandum of Understanding. The new agreement extends the collaboration until 2030.

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