“Verizon has signed a deal to provide cellular service from space through AST SpaceMobile beginning next year.

Shares of AST SpaceMobile, a space-based cellular broadband network, soared more than 10% before the market opened Wednesday.

SpaceMobile’s network is designed to operate across premium low-band spectrum, its own licensed L-band and S-band spectrum, and up to 1,150 MHz of mobile network operator partners’ low- and mid-band spectrum worldwide, the company said…

‘By integrating our expansive, reliable, robust terrestrial network with this innovative space-based technology, we are paving the way for a future where everything and everyone can be connected, regardless of geography,’ Srini Kalapala, Verizon’s senior vice president of technology and product development, said in a statement.”

From Associated Press.