AST SpaceMobile stock jumps 250% in 2024 following key partnerships and satellite launches

AST SpaceMobile's stock surged 250% in 2024 due to advancements in its satellite-based cellular broadband network. The company secured partnerships with major telecom firms like AT&T and Verizon, enhancing its market position. In May, AST SpaceMobile extended its collaboration with AT&T through a new agreement, while Verizon committed $100 million to support the company's initiatives. These partnerships aim to improve connectivity in underserved areas. AST successfully launched five new satellites in September and plans to deploy 17 more in early 2025, with a goal of 155 satellites by 2030. Analysts predict significant revenue growth, reaching $50 million next year and $5.1 billion by 2030.