ASTS is trading 9.9% up at $105.75 as its multi-day rally continues, driven by a new joint venture with major U.S. telecoms and regulatory milestones.
- The surge is fueled by a partnership to expand satellite-to-cell coverage alongside recent progress regarding FCC approvals.
- Sentiment is further bolstered by the stock's inclusion in new satellite and space-focused ETFs, attracting momentum-focused traders despite modest gains in broader market indices.