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Stock impact report

AST SpaceMobile TELUS Deal Tests Valuation After Big Share Price Run [Yahoo! Finance]

AST SpaceMobile, Inc. - Class A (ASTS) 
Company Research Source: Yahoo! Finance
AST SpaceMobile and TELUS Corporation have agreed to roll out space based cellular broadband across Canada, targeting remote and underserved regions. TELUS will also become an equity partner in AST SpaceMobile, aligning financial interests with the network rollout. Alphabet has previously invested via convertible notes, and AST SpaceMobile is involved in U.S. government contracts, including with the Space Development Agency. For investors watching NasdaqGS:ASTS, this new agreement with TELUS comes as the stock trades at $89.475, with a 1 year return of 167.9%. The company also shows very large 3 year and 5 year returns, alongside a 7.2% gain year to date and a 13.0% move over the past week, set against a 13.6% decline over the past month. The TELUS partnership, Alphabet's early backing and U.S. government contracts collectively point to growing commercial and institutional interest in AST SpaceMobile's approach to space based cellular service. As the Canada rollout develops a Show less Read more
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