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AST SpaceMobile Gets an Apple-Sized Boost

Apple is starting to incorporate satellite technology into its phones and operating system.

By Travis Hoium – Jun 18, 2024 at 4:15AM EST

After signing deals with Verizon (VZ +3.89%) and AT&T (T +3.69%), AST SpaceMobile (ASTS +4.64%) got another boost last week when Apple (AAPL 1.10%) highlighted satellite technology in its newest operating system. Travis Hoium covers the potential impact in this video.

*Stock prices used were end-of-day prices of June 14, 2024. The video was published on June 16, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Apple and Verizon Communications. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

AST SpaceMobile Stock Quote
AST SpaceMobile
NASDAQ: ASTS
$90.94
(+4.64%)+$4.03
Apple Stock Quote
Apple
NASDAQ: AAPL
$263.40
(-1.14%)-$3.03
Verizon Communications Stock Quote
Verizon Communications
NYSE: VZ
$46.81
(+3.95%)+$1.78
AT&T Stock Quote
AT&T
NYSE: T
$26.39
(+3.65%)+$0.93

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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