T-Mobile and SpaceX launched the T-Satellite service, a cellular Starlink offering for smartphones, after a free beta program with 1.8 million sign-ups. The service now charges $10/month for non-T-Mobile users, enabling satellite connectivity in dead zones. It supports 60+ phone models and is available in the US, Canada, New Zealand, and other countries. Competitors like Apple and AST SpaceMobile also offer satellite services.

AST SpaceMobile submitted a filing with the US Federal Communications Commission (FCC) to deploy a direct-to-device satellite service for first responders, using Band 14 spectrum. AT&T, which holds the contract for FirstNet, seeks FCC approval for the service. SpaceX opposes the deployment, citing collision risks with AST SpaceMobile's satellites.

The article highlights seven high-risk, high-reward stocks, each with significant market value and potential for outsized returns. These stocks span sectors like technology, finance, and industrials, with companies such as AST SpaceMobile, Erie Indemnity Co., and Palantir Technologies Inc. described as high-growth but volatile investments. The piece emphasizes the risks involved, including potential crashes and reliance on market conditions, while noting the companies' unique business models and growth prospects.

The space sector saw mixed performance with Virgin Galactic's shares rising 33% amid strong investor sentiment, Rocket Lab's stock cooling after hitting all-time highs, and AST SpaceMobile's shares up 17% following analyst updates. BlackSky's stock fell after disappointing financial results, while Planet Labs expanded its contract with Colombia's government. Intuitive Machines' stock dropped despite no company news, and Amazon advanced its Project Kuiper satellite initiative.

AST SpaceMobile's subsidiary, Spectrum USA I, LLC, entered into a $550 million credit agreement with Sound Point Agency LLC to support payments to Ligado Networks for spectrum access in the US and Canada. The company operates in satellite communications, focusing on direct-to-device applications, while facing financial challenges and regulatory hurdles.