FCC approves AST SpaceMobile to deploy 248 satellites for direct-to-phone broadband coverage

The FCC has authorized AST SpaceMobile to deploy and operate up to 248 satellites, enabling direct-to-device cellular broadband using low-band spectrum in partnership with Verizon, AT&T, and FirstNet. This approval validates AST SpaceMobile's innovative technology and supports its goal to enhance network resilience and provide critical communications across the U.S. Despite a recent setback with its BlueBird 7 satellite orbit, the company expects to recover costs through insurance. AST SpaceMobile's stock surged 7.37% following the news, outperforming its sector and reflecting strong investor confidence in its long-term growth potential.