According to the company, it completed a two-way voice call between two normal smartphones. AST SpaceMobile did so with the use of its BlueWalker 3 satellite. The call was made from Midland, Texas area to Rakuten, Japan with a Samsung Galaxy S22 smartphone.
AST SpaceMobile points out that this is the first time anyone has ever completed a direct voice connection through space to a normal cellular device. This validates the company’s “patented system and architecture,” which furthers its business plan to connect more of the world.
Abel Avellan, Chairman and CEO of AST SpaceMobile, said the following about the news:
“Achieving what many once considered impossible, we have reached the most significant milestone to date in our quest to deliver global cellular broadband from space. While we take a moment to celebrate this tremendous accomplishment, we remain focused on the path ahead and pivotal next steps that get us closer to our goal of transforming the way the world connects.”
ASTS Stock Movement on Tuesday
Investors are also celebrating today’s news with heavy trading of ASTS stock. As of this writing, more than 8.7 million shares have been traded. To put that in perspective, the company’s daily average trading volume is closer to 1.8 million shares.
ASTS stock is up 2.6% as of Tuesday morning.
Investors looking for more of the most recent stock market news will want to keep reading!
We’ve got all of the latest stock coverage traders need to know about on Tuesday! A few examples include why shares of Vinco Ventures (NASDAQ:BBIG), Lightning Emotors (NYSE:ZEV) and Coinbase (NASDAQ:COIN) stock are on the move today. You can find out more about these matters by checking out the links below!
More Tuesday Stock Market News
- BBIG Stock Alert: Vinco Ventures Misses KEY Nasdaq Deadline
- Dear ZEV Stock Fans, Mark Your Calendars for April 28
- COIN Stock Alert: What to Know as Coinbase Sues the SEC
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.