AST Spacemobile signs agreements with Verizon and AT&T

The stock price of AST SpaceMobile Inc. recorded a record high rise. This is because Verizon Communications Inc. has invested $100 million in partnerships with satellite communication companies and indicated its intention to challenge Elon Musk's SpaceX. AST signed a similar agreement with AT&T two weeks ago. AST has stated that it will be possible to cover 100% of the entire continental United States from a smartphone through a satellite system planned in the future.