AST SpaceMobile, Inc. ( ASTS ) shares surging premarket on Wednesday after the company disclosed a definitive commercial agreement with Verizon Communications Inc. ( VZ ) .

Starting in 2026, the partnership will enable direct-to-cellular connectivity for Verizon customers, extending the carrier's network coverage and enhancing its existing high-quality, nationwide service.

The partnership combines Verizon's robust terrestrial network, premium 850 MHz multi-operator spectrum, and AST SpaceMobile's ( ASTS ) low-Earth-orbit (LEO) satellite technology to deliver seamless connectivity for customers, whether in remote areas, cities, or anywhere in between.

AST SpaceMobile's ( ASTS ) network connects directly to standard smartphones without specialized hardware.

It operates across low-band, L-band, and S-band, as well as up to 1,150 MHz of partner low- and mid-band spectrum, advancing the company's progress toward full-scale commercial service.

Abel Avellan, founder, chairman and CEO of AST SpaceMobile ( ASTS ) commented. "The agreement will extend the scope of Verizon's 850 MHz premium low-band spectrum into areas of the U.S. that would benefit from the ubiquitous reach of space-based broadband technology."

On Tuesday, AST SpaceMobile ( ASTS ) entered into an Equity Distribution Agreement to sell up to $800 million of the company's common stock in an at-the-market offering program with up to a three-year term.

Investors can gain exposure to the stock Procure Space ETF ( UFO ) and iShares U.S. Telecommunications ETF ( IYZ ) .

Price Action: ASTS shares are up 13.16% at $84.59 in the premarket as of the last check on Wednesday.

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