🟢 ASTS is trading 10.1% up today, rally extends on major US telecom JV, FCC approval, and new ETFs

ASTS is trading 10.1% up at $105.98, extending a powerful multi-day rally fueled by several significant business and market catalysts.

• Industry-Validating Partnership: The rally gained momentum after AT&T, T-Mobile, and Verizon announced a joint venture on May 14 to expand satellite-based direct-to-device coverage, a direct boon for ASTS's technology. [4, 10, 17]
• Regulatory Green Light: The company recently received FCC approval for commercial direct-to-device service in the U.S., a key milestone for its growth. [1]
• Increased Speculative Interest: This week, two new 2x leveraged ETFs (ASTY and ASUP) launched, offering traders amplified exposure to the stock and increasing trading volume and interest. [2, 7, 17]