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.

AST SpaceMobile ( ASTS 6.15%) stock bounced back Thursday from yesterday, surging 5.2% in the first 10 minutes of trading on a big advance in direct-to-cell satellite communications (DTC) technology.

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.