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Verizon agreed to put $100 million into satellite-to-phone startup AST SpaceMobile: a $35 million convertible note plus $65 million of prepaid service payments, the second tied to regulatory approval and a definitive commercial agreement.

AST SpaceMobile signed a definitive commercial agreement to connect Verizon customers' ordinary phones to its BlueBird satellites across the continental US from 2026, using Verizon's 850 MHz spectrum.

AST SpaceMobile expects to start beta space-based cellular broadband with AT&T and Verizon before the end of 2026, reaching ordinary phones over Verizon's 850 MHz spectrum, though coverage will be intermittent until more satellites fly.