10 Firms Shine Amid Market Slump

5. AST SpaceMobile Inc. (NASDAQ:ASTS)

AST SpaceMobile rose for a third day on Monday, rising by 6.08 percent to finish at $21.47 each as investors resumed buying shares in the company after it recently secured the Special Temporary Authority approval from the Federal Communications Commission (FCC) that would enable it to test its first five commercial BlueBird satellites.

FCC’s approval would support AST SpaceMobile’s voice, full data, and video applications and other native cellular broadband capabilities for mobile services giants AT&T and Verizon.

Last week, AST SpaceMobile Global Head of Regulatory Affairs Vikram Raval said that the FCC USA regulatory approvals represent a pivotal moment for AST SpaceMobile as it advances toward delivering seamless space-based cellular broadband connectivity.

In other recent news, AST SpaceMobile welcomed the appointment of Keith Larson as a new member of the board for AT&T following the immediate resignation of Christopher Sambar.