On May 26, AST SpaceMobile rose 6.9% overnight, trading at $111.65/share, with trading volume of approximately $8.43 million. The stock extended its strong upward trajectory fueled by multiple catalysts in recent sessions.

The rally is primarily driven by the announcement that AT&T, T-Mobile, and Verizon plan to form a joint venture to jointly advance satellite direct-to-device services aimed at eliminating coverage dead zones across the United States. CEO Abel Avellan described the initiative as a landmark development, noting AST SpaceMobile is the only system globally capable of delivering hundreds of Mbps of space-based broadband without requiring any handset modifications.

Additionally, during a recent CNBC interview, Avellan reaffirmed the company's target to launch 45 satellites this year at a pace of one launch per month, emphasizing speed and capacity as key competitive advantages over SpaceX. The company also secured over $1.2 billion in commitments from global operators and the US government, contributing to annual revenue growth to $70.9 million.

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