What's Going On With AST SpaceMobile Stock Tuesday?

AST SpaceMobile, Inc ASTS stock is trading higher Tuesday after the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, announced another unprecedented leap in telecommunications by successfully making the first-ever 5G connection for voice and data between an everyday, unmodified smartphone and a satellite in space.

Company engineers demonstrated space-based 5G connectivity by placing a call from Maui, Hawaii, USA, to a Vodafone Group Plc VOD engineer in Madrid, Spain, using AT&T Inc T spectrum and AST SpaceMobile's BlueWalker 3 test satellite — the largest-ever commercial communications array deployed in low Earth orbit. Fifth-generation or 5G mobile networking is the fastest, most efficient, highest-throughput, lowest-latency, and flexible wireless standard ever released by the 3GPP consortium.

ASTS placed the 5G call on September 8, 2023, from an unmodified Samsung Electronics Co, Ltd SSNLF Samsung Galaxy S22 smartphone located near Hana, HI, in a wireless dead zone. 5G connectivity testing was completed with the company's partners Vodafone, AT&T, and Nokia Corp NOK. The company broke its previous space-based cellular broadband data session record in a separate test by achieving a download rate of approximately 14 Mbps.

Price Action: ASTS shares traded higher by 8.13% at $4.13 on the last check Tuesday.