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Benzinga
Benzinga
Business
Henry Khederian

AST SpaceMobile (ASTS) Stock Rises On Key Defense Tech Milestone

AST SpaceMobile ASTS AST SpaceMobile Inc
Ast,Spacemobile,5g,Cellular,Broadband,Communication,Satellite,Technology,Network.,Calgary,

Shares of AST SpaceMobile Inc (NASDAQ:ASTS) are rising Thursday morning after facing selling pressure on Wednesday. The rally follows the company’s announcement of a successful demonstration of its space-based cellular broadband network for military applications.

What To Know: In a collaboration with Fairwinds Technologies and U.S. defense representatives, AST SpaceMobile showcased its Non-Terrestrial Network capabilities near its Hawaii gateway. The test delivered high-throughput data, voice and video to unmodified smartphones, highlighting its potential for secure tactical communications.

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