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AST SpaceMobile's stock has quadrupled in value this year, with a recent 14% surge driven by investor excitement for its upcoming next-generation satellite launch.
stc group and AST SpaceMobile have signed a 10-year deal, backed by a $175 million prepayment, to provide satellite-to-phone 5G and 4G service in Saudi Arabia.
AST SpaceMobile stock declined after Barclays issued a rare double downgrade from Buy to Sell, citing an "excessive valuation" following a 324% year-to-date surge.
Verizon and AST SpaceMobile have signed a definitive commercial agreement to provide satellite-to-smartphone service, aiming to eliminate dead zones across the U.S.
