ASTS Stock Jumps Premarket: Midland Approves Factory Nearly 5x Larger Than AST SpaceMobile’s Original Plant

ASTS stock jumped in premarket trading.

Midland Development Corporation approved a performance-based incentive package up to $66 million over 30 years.

The new factory will be nearly 5 times larger than AST SpaceMobile's original plant.

The approval is for a factory expansion by AST SpaceMobile in Midland.