AST SpaceMobile (NASDAQ:ASTS) shares are moving higher on Monday after the company gained the Federal Communications Commission's (FCC) approval to launch its first five commercial BlueBird satellites.

The Details: As of Monday, the company is cleared to use V, S, and UHF frequencies for launching and managing the first five BlueBird satellites, including their gateway, feeder links, and tracking operations.

"This regulatory milestone is a significant step to targeting 100% nationwide coverage from space of the continental United States on premium cellular spectrum," said Scott Wisniewski, President of AST SpaceMobile.

"Through our strategic partnerships with companies like AT&T, Verizon, Vodafone and our other key partners around the world, we aim to enhance cellular connectivity globally, essentially eliminating dead zones and empowering remote areas with space-based cellular broadband connectivity."

AST SpaceMobile has finished manufacturing, assembling, and testing its first five BlueBird commercial satellites. They are now set to be shipped to Cape Canaveral in early August, with a launch planned within a 7-day window in September.

How To Buy AST SpaceMobile Shares

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in AST SpaceMobile (NASDAQ:ASTS)'s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

Related Link: Why Bitcoin, Ethereum ETFs Are Crashing Today In Premarket

ASTS Price Action: AST SpaceMobile shares are trading 4.81% higher at $19.40 at the time of publication, according to data from Benzinga Pro.

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