Why AST SpaceMobile Stock Popped Today

2026-03-04 11:31:19 ET

AST SpaceMobile (NASDAQ: ASTS) stock, a pioneer in the movement to connect ordinary, off-the-shelf cellphones directly through satellite communications, soared 10% through 10:10 a.m. ET Wednesday morning after signing up a new partner.

As AST announced last night after close of trading, major Canadian telecommunications provider Telus Corporation (NYSE: TU) , will partner with AST to "bring space-based cellular broadband service to places it's never reached before across Canada."

Image source: Getty Images.

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