Linking up, FreeCast stock skyrockets in pre-market 170% on Starlink reseller agreement

FreeCast Inc. (NASDAQ:CAST) shares surged 170% Thursday following the company’s announcement of a reseller agreement for Starlink Business services.

The agreement allows FreeCast to offer enterprise-grade satellite broadband connectivity alongside its existing streaming media aggregation, distribution, and Platform-as-a-Service solutions. The company said the deal expands its ability to serve commercial, institutional, and community-focused organizations seeking both broadband connectivity and digital media services through a unified platform.

“Connectivity and content have historically been delivered separately,” said William Mobley, Chief Executive Officer of FreeCast. “This relationship allows FreeCast to combine enterprise broadband access with streaming television, local content, advertising, community engagement, and digital commerce solutions, creating a more comprehensive offering for organizations serving large groups of consumers.”

FreeCast plans to target multiple enterprise and community markets through the combination of Starlink Business connectivity and its platform technologies, including multifamily housing communities, student housing, hotels, healthcare systems, senior living communities, and rural and underserved markets.

The company said customers may gain access to solutions including white-label streaming television platforms, local and regional content aggregation, community information channels, subscription management tools, and advertising platforms.