"Under the deal, Telus customers will soon use their existing smartphones for texts, calls, and data in areas without traditional towers, with the rollout targeted for late 2026. As part of the agreement, Telus will also invest in ground infrastructure and become an equity shareholder in ASTS, aligning their interests for the long term."
"While Big Tech poured billions into artificial intelligence - AI captured nearly 50% of all global startup funding in 2025, up from 34% in 2024 - the AST SpaceMobile-Telus pact proves the trend stretches far beyond Silicon Valley's AI race."
"Companies such as OpenAI, xAI, Scale AI, and Anthropic alone accounted for more than 60% of total AI sector funding in 2025, according to industry analyses. These eye-popping sums have supercharged valuations and infrastructure buildouts at a pace never seen before."
AST SpaceMobile shares surged 12% following a landmark agreement with Canadian telecom Telus to deliver space-based cellular broadband to remote regions, with service rollout targeted for late 2026. Telus customers will use existing smartphones for texts, calls, and data in areas without traditional towers, while Telus invests in ground infrastructure and becomes an equity shareholder. This deal exemplifies a broader corporate equity investment boom that accelerated through 2025. While AI captured nearly 50% of global startup funding in 2025, up from 34% in 2024, the AST SpaceMobile-Telus agreement demonstrates investment trends extend beyond Silicon Valley's AI race. Foundation model laboratories received over 60% of AI sector funding, with companies like Nvidia deploying approximately $1 billion across 50+ startups in 2024, accelerating dramatically in 2025.
#space-based-broadband #corporate-equity-investment #ai-funding-boom #telecom-partnerships #startup-valuations
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