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AST SpaceMobile's stock has soared more than 1,200% from its all-time low. The successful launch of its first commercial satellites impressed the bulls.
After seven years, over 3,350 patent and patent-pending claims, and more than $1 billion, AST SpaceMobile Inc. NASDAQ: ASTS finally launched its Block 1 first five Bluebird satellites on September 12, 2024. The launch went without a hitch, and the satellites are now in low earth orbit.
AST Space Mobile is making incredible progress on bold projects in space.
AST SpaceMobile launched its first five operational BlueBird comsats on Thursday. The company needs to raise about $3 billion to help fund the launch of the next 163 satellites.
AST SpaceMobile launched its first five commercial communications satellites Thursday morning. By all accounts, the launch went well and the satellites will soon begin operating, and connecting as many as 5,600 cellphone calls at once.
MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #AST--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones designed for both commercial and government use, today announced the successful launch of its first five commercial satellites, called BlueBirds. The groundbreaking launch started at 4:52 a.m. EDT from Cape Canaveral, Florida. The event was witnessed by partners and retail shareholder.
Space-based broadband company AST SpaceMobile launched its first five commercial satellites into space atop a SpaceX Falcon 9 rocket early Thursday.
AST SpaceMobile is set to launch 5 BlueBird satellites, marking a major milestone in its mission to provide global broadband connectivity. Strategic partnerships with AT&T and Verizon, along with a $100 million deal, validate ASTS's potential and have fueled a significant stock run. The satellite communications market is growing, and ASTS's position as a market leader offers substantial long-term investment potential, despite some risks.
The impending launch for AST SpaceMobile's first commercial satellites has investors excited. The reality is that the company's plans will require plenty of capital.
Space-based broadband company AST SpaceMobile is planning the launch of its first five commercial satellites on or after Sept. 12.