AST SpaceMobile Shares Gain Up to 6% After FCC Advances Satellite Spectrum Proposal
AST SpaceMobile shares rose as much as 6% on Thursday after the FCC advanced a proposal to expand spectrum available for satellites to connect directly to ordinary phones.
Shares of AST SpaceMobile (ASTS) jumped as much as 6% on Thursday after the Federal Communications Commission advanced a plan to make it easier for satellites to connect directly to ordinary phones.The FCC adopted a proposal that would expand the amount of spectrum available for “supplemental cover…