ASTS Stock Recent News
ASTS LATEST HEADLINES
The company announced two critical updates that could have enormous implications for shareholders.
AST SpaceMobile NASDAQ: ASTS has been on an incredible tear in 2024, surging nearly 450% YTD. It has also sidestepped recent market weakness and displayed remarkable relative strength, particularly in the last quarter, where it gained close to 300% versus the technology sector's negative return in the same period.
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 provided an interim business update. The launch of AST SpaceMobile's upcoming satellites is targeted on or after September 12th from Cape Canaveral, Florida and over $155.0 million in proceeds is expected from its previously-annou.
With a share price up 13x in four months, AST SpaceMobile just may be the most successful space stock of 2024. Yet AST still has obstacles to overcome, such as raising $3 billion to pay for the satellites it wants to launch.
SpaceX and T-Mobile aim to offer free emergency "Direct to Cell" text capability for cellphones within the next few months. The companies will make use of SpaceX's 6,000-plus Starlink satellite network to offer the new service.
AST SpaceMobile is at a pivot point in its development. Lower funding costs and an improved window for revenue have one analyst increasing optimism.
AST's upcoming satellite launch could drive its stock a lot higher. Serve's partnership with Uber Eats could significantly boost its sales.
AST SpaceMobile is set to launch its first satellites into space shortly. The company hopes to become a global broadband satellite network.
AST SpaceMobile Inc. NASDAQ: ASTS stock rocketed 50% following its Q2 2024 earnings report. The company missed EPS estimates for a loss of 51 cents by 29 cents, and revenues were non-existent at $900,000.
These seven mid-cap stocks were the best performers in the last week. Are they in your portfolio?