AST SpaceMobile (NASDAQ:ASTS) shares jumped around 10% premarket after the company building a space-based cellular broadband network secured a special temporary authority from the Federal Communications Commission authorizing testing service in the U.

ASTS shares up on premarket as FCC grants approval for AST SpaceMobile to conduct testing in US with unmodified smartphones using AT&T and Verizon's spectrum.

AST SpaceMobile has secured an FCC Special Temporary Authority Grant with AT&T and Verizon. Takeaway Points AST SpaceMobile Secures FCC Special Temporary Authority Grant with AT&T and Verizon. The orbiting Block 1 BlueBird satellites will support non-continuous cellular broadband service across the United States.