Over the past few months, AST SpaceMobile (NASDAQ: ASTS) stock has surged an astounding 971%. This growth came amid agreements with major telecommunications players such as AT and Verizon Communications, validating its position in the space-based cellular broadband network industry and providing much-needed capital for the up-and-coming company.

AST SpaceMobile's collaboration with two leading communications providers has investors optimistic, but has the stock run too far ahead of itself? Here's the latest on AST SpaceMobile and what it means for investors.

AST SpaceMobile is building a space-based cellular broadband network that's accessible by standard mobile phones. Connectivity from space aims to provide widely available, reliable broadband services worldwide. This can benefit areas where traditional infrastructure is cost-prohibitive or logistically challenging, and could change global communications as we know it.

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Source Fool.com