STARLINK COMPETITOR AST SOARS AFTER CONFIRMING SATELLITE LAUNCH

Summary from the TLDR newsletter

AST SpaceMobile's market value closed at a record high of more than $8 billion after the satellite communication company confirmed an early September window for its inaugural commercial launch of a network in low-Earth orbit. The company is working with AT&T, Verizon, and other partners to provide wireless service from space to regular consumer smartphones. AST plans to use a SpaceX rocket to send its first five commercial satellites to orbit.