AST SpaceMobile Gets an Apple-Sized Boost

By Travis Hoium – Jun 18, 2024 at 4:15AM

NASDAQ: ASTS

AST SpaceMobile

Market Cap

$2B

Today's Change

(1.09%) $0.12

Current Price

$11.10

Price as of June 26, 2024, 2:37 p.m. ET

Apple is starting to incorporate satellite technology into its phones and operating system.

After signing deals with Verizon (VZ -0.05%) and AT&T (T 0.21%), AST SpaceMobile (ASTS 1.09%) got another boost last week when Apple (AAPL 2.50%) highlighted satellite technology in its newest operating system. Travis Hoium covers the potential impact in this video.

*Stock prices used were end-of-day prices of June 14, 2024. The video was published on June 16, 2024.

Travis Hoium has positions in Apple and Verizon Communications. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.