AST SpaceMobile shares surge 15.41% intraday on major commercial agreements and satellite launch progress.

AST SpaceMobile, Inc. (ASTS) surged 15.41% intraday, driven by significant commercial advancements and strategic expansions. The company announced definitive 10-year agreements with Verizon and Saudi’s stc Group, including a $175 million prepayment from stc, alongside partnerships with over 50 global mobile operators. These deals, coupled with $1 billion in contracted revenue commitments, underscored growing commercial traction. Additionally, ASTS accelerated satellite deployment, with BlueBird-6 en route to India and BlueBird-7 slated for a 2025 launch, aiming to operate 45–60 satellites by 2026. Expansion into Texas and Florida manufacturing sites, doubling its workforce, further signaled production growth. Analysts raised price targets following Q3 results, which showed $14.7 million in revenue and $3.2 billion in cash reserves, reinforcing confidence in its long-term viability. The stock’s rally aligned with positive coverage from LongYield and broader market optimism for the space-based connectivity sector.