AST SpaceMobile's Big Plan Is Paying Off
AST SpaceMobile (NASDAQ: ASTS) has big plans and not a whole lot to show for them just yet. But that hasn't stopped it from executing well on one very important aspect of its business model: partnering with the cellular industry's leaders. There's a virtuous cycle here, though, because the more partners it has, the more likely it is to succeed. Which is why the company recently linking up with was such a big deal.
AST SpaceMobile is looking to build a space-based cellular broadband network that will provide reception anywhere in the world. The key attraction of the service is that it allows customers to use the devices they already use. So there's no new fancy gear to buy and set up; just pull out your handy cellphone and use it the same way you always have. Only this time, you could be on top of a mountain or in the middle of the ocean, where there aren't any nearby cell towers.
Image source: Getty Images.
Source Fool.com
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