
AST SpaceMobile launched three satellites into orbit on Wednesday, June 17, and the stock rose 6%. The launch rebuts bearish arguments from Wall Street over the past six weeks. The company is building a space-based cellular network for direct smartphone connectivity, with agreements from nearly 60 operators including AT&T, Verizon, and Vodafone.
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Summary by ByteBrief
SpaceX IPO launches as biggest market debut ever