AST SpaceMobile is trading at $41.55, up +5.32%, as investors weigh its Brazil expansion following the telecom regulator’s spectrum approval.
- The company signed agreements with four regional operators; plans also include ground infrastructure to support service in Brazil.
- A market update linked the shares’ October 27 rise to the expansion, although the announcement was made October 26.
- Broader indexes were mixed, pointing more specifically to the Brazil news than to a broad-market rally.