AST SpaceMobile, Inc. (ASTS) stock surged 5.36% in after-hours trading on Wednesday, following Vodafone's successful demonstration of the world's first satellite video call using a standard smartphone, facilitated by AST's technology.
The European mobile operator announced plans to roll out AST's satellite-based service across Europe, starting later in 2025 and continuing into 2026. This development could significantly expand AST's customer base and revenue stream, as the company's BlueBird satellites in low-Earth orbit can provide transmission speeds of up to 120 megabits per second for standard smartphones.
AST SpaceMobile has garnered investments from major telecom companies like AT&T, Verizon, and Google, highlighting the industry's confidence in the company's technology and business prospects. The successful satellite video call demonstration and Vodafone's commitment to launching the service have likely fueled investor enthusiasm, driving the stock's after-hours surge.
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