AST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones. Its SpaceMobile network is being designed to provide connectivity at 4G/5G speeds on land, at sea, and in flight. The company is based in Midland, Texas.
IPO Year: 2019
Exchange: NASDAQ
Website: ast-science.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/8/2024 | $7.00 | Buy | UBS |
| 3/6/2024 | $7.50 | Sector Outperform | Scotiabank |
| 10/28/2022 | $15.00 | Buy | B. Riley Securities |
| 7/12/2021 | $29.00 | Overweight | Barclays |
| 6/30/2021 | $35.00 | Buy | Deutsche Bank |
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, is providing its business update for the third quarter ended September 30, 2024. "We achieved many significant milestones in the quarter and continue our momentum with several key pieces now in place," said Abel Avellan, Founder, Chairman and CEO of AST SpaceMobile. "With the first five BlueBird satellites successfully unfolded and entering initial operations, our business is progressing according to plan. We've advanced our strategy across multiple
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 applications, today announced it will hold a quarterly business update conference call on Thursday, November 14th at 5:00pm (Eastern Time). AST SpaceMobile will be accepting questions from retail and institutional shareholders and management will answer select questions relating to AST SpaceMobile's business and financial results on the conference call. Investors are encouraged to submit questions to [email protected] and will also be added to our Investor Relat
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, is providing its business update for the second quarter ended June 30, 2024. "We stand at a pivotal moment for AST SpaceMobile," said Abel Avellan, Founder, Chairman and CEO of AST SpaceMobile. "The arrival of our first five commercial satellites at the launch site marks the culmination of years of relentless innovation and perseverance, in partnership with industry leaders like AT&T, Google, Verizon, Vodafone, and Rakuten, among others. The upcoming
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, today announced it will hold a quarterly business update conference call on Wednesday, August 14th at 5:00pm (Eastern Time). AST SpaceMobile will be accepting questions from retail and institutional shareholders and management will answer select questions relating to AST SpaceMobile's business and financial results on the conference call. Investors are encouraged to submit questions to [email protected] and will also be added to our Investor
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, is providing its business update for the three months ended March 31, 2024. "I am grateful for our global team's unwavering dedication and hard work as we prepare for the launch of our first five commercial satellites and initial commercial service," said Abel Avellan, Chairman and CEO of AST SpaceMobile. "We are set up for an exciting summer ahead as we push forward on all fronts of our business." Business Update On target for July or August de
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, today announced it will hold a quarterly business update conference call on Wednesday, May 15th at 5:00 p.m. (Eastern Time). AST SpaceMobile will be accepting questions from retail and institutional shareholders and management will answer selected questions relating to AST SpaceMobile's business and financial results on the conference call. Investors are encouraged to submit questions to [email protected] and will also be added to our Investo
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, is providing its business update for the three months and fiscal year ended December 31, 2023. "It has been a busy and exciting start to 2024 for AST SpaceMobile, with new partners joining our mission, manufacturing ramping, and commercialization approaching," said Abel Avellan, Chairman and CEO of AST SpaceMobile. "With a clear vision and a strong foundation, AST SpaceMobile is well-positioned to lead the charge in bridging the digital divide." Bu
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, today announced it will hold a quarterly business update conference call on Monday, April 1st at 5:00 p.m. (Eastern Time). AST SpaceMobile will be accepting questions from retail and institutional shareholders and management will answer select questions relating to AST SpaceMobile's business and financial results on the conference call. Investors are encouraged to submit questions to [email protected] and will also be added to our Investor Relations mailing list. The call will be accessible via a live
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, is providing its business update for the third quarter ended September 30, 2023. "The manufacturing of our first five commercial satellites is at full speed at our Texas facilities, and we are looking forward to our expected launch in Q1 2024 as we target initial commercial service for both mobile network operators and governmental entities starting in 2024," said Abel Avellan, Chairman and Chief Executive Officer of AST SpaceMobile. "In the third quarter, AST SpaceMobile announced another historic achievement
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced it will hold a quarterly business update conference call on Tuesday, November 14th at 5:00 p.m. (Eastern Time). The company is also providing its preliminary estimated financial results for the third quarter ended September 30, 2023. AST SpaceMobile will be accepting questions from retail and institutional shareholders and management will answer select questions relating to AST SpaceMobile's business and financial results on the conference call. Investors are encouraged to submit questions to
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AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, today announced participation in the following upcoming investor conferences: Deutsche Bank 2024 Global Space Summit, taking place on Wednesday, November 20 in New York, NY 13th Annual ROTH Technology Conference, taking place on Wednesday, November 20 in New York, NY UBS Global Media & Communications Conference, taking place on Tuesday, December 10 in New York, NY Investors who wish to request a meeting should contact their sales representa
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, is providing its business update for the third quarter ended September 30, 2024. "We achieved many significant milestones in the quarter and continue our momentum with several key pieces now in place," said Abel Avellan, Founder, Chairman and CEO of AST SpaceMobile. "With the first five BlueBird satellites successfully unfolded and entering initial operations, our business is progressing according to plan. We've advanced our strategy across multiple
Launch campaign from Cape Canaveral Florida Space Force Station is planned during 2025 and 2026, utilizing existing launch vehicles and Blue Origin's New Glenn for up to ~60 Block 2 satellites, each the largest-ever commercial communications arrays deployed into low Earth orbit AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, today announced launch services agreements securing the orbital launch capacity to enable continuous space-based cellular broadband service coverage across some of the most in
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 applications, today announced it will hold a quarterly business update conference call on Thursday, November 14th at 5:00pm (Eastern Time). AST SpaceMobile will be accepting questions from retail and institutional shareholders and management will answer select questions relating to AST SpaceMobile's business and financial results on the conference call. Investors are encouraged to submit questions to [email protected] and will also be added to our Investor Relat
Key post-launch activity completed in preparation for commercial and government services 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 applications, today announced the successful unfolding of its first five commercial satellites, BlueBirds 1-5. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241025345390/en/AST SpaceMobile BlueBird 1-5 unfolded, US coverage with 5600+ cells (Graphic: Business Wire) With this significant post-launch technical activity no
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 applications, today announced its selection by the Space Development Agency (SDA) for an Other Transaction (OT) agreement to compete for upcoming prototype demonstration projects under the Hybrid Acquisition for proliferated Low-earth Orbit (HALO) program. The HALO program is a strategic initiative designed to accelerate the development and deployment of advanced space technologies. With this program, the SDA aims to foster competition, drive innovation, and rapidly de
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 applications, today announced the final results and completion of its redemption of all of its outstanding publicly traded warrants (the "Public Warrants") to purchase shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), that were issued under the Warrant Agreement dated as of September 13, 2019 (the "Warrant Agreement"), by and between AST SpaceMobile (f/k/a New Providence Acquisition Corp. ("NPA")) and Continental Stock Transfer &
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 applications, today announced the preliminary results of its redemption of all of its outstanding publicly traded warrants (the "Public Warrants") to purchase shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), that were issued under the Warrant Agreement dated as of September 13, 2019 (the "Warrant Agreement"), by and between AST SpaceMobile (f/k/a New Providence Acquisition Corp. ("NPA")) and Continental Stock Transfer & Trust Com
On September 12th at 4:52 am EDT, the BlueBird 1-5 mission lifted off from Cape Canaveral, Florida, and delivered the five largest-ever commercial communications arrays into low Earth orbit. 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240912442844/en/BlueBird 1-5 launch (Credit: SpaceX) The groundbreaking
- September 12th target launch date confirmed for BlueBird satellites, each the largest communications array ever deployed in low Earth orbit - Over $440.0 million in pro forma cash and cash equivalents as of June 30th, 2024, including over $155.0 million in expected warrant exchange proceeds 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
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UBS initiated coverage of AST SpaceMobile with a rating of Buy and set a new price target of $7.00
Scotiabank initiated coverage of AST SpaceMobile with a rating of Sector Outperform and set a new price target of $7.50
B. Riley Securities initiated coverage of AST SpaceMobile with a rating of Buy and set a new price target of $15.00
Barclays initiated coverage of AST SpaceMobile with a rating of Overweight and set a new price target of $29.00
Deutsche Bank initiated coverage of AST SpaceMobile with a rating of Buy and set a new price target of $35.00
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AST SpaceMobile Inc (NASDAQ:ASTS) shares are rising Thursday. The company announced the successful completion of its first five commercial satellites. What To Know: AST SpaceMobile has completed its first five commercial satellites it calls Bluebirds. The satellites are ready for shipment to Cape Canaveral during the first week of August, with a seven-day launch window in September. AST SpaceMobile noted that the Bluebird satellites have undergone rigorous testing to ensure they meet the demanding requirements of operations in space. The satellites are now in final preparations for shipment. “This is a momentous occasion for AST SpaceMobile. These first five satellites are built on
Each satellite has communications arrays measuring 693 square feet and are now ready for shipment to Cape Canaveral during the first week of August, with a 7-day launch window in September.
AST SpaceMobile, Inc. (NASDAQ:ASTS) is experiencing movement in its stock price Tuesday. Here’s what you need to know. What To Know: The session volume stands at 6.772 million shares, significantly higher than the stock’s 100-day average volume of 11.084 million shares. What Else: Earlier this month, Chairman and CEO Abel Avellan published a letter to partners, shareholder and future users of the company’s space-based cellular broadband network. The key highlight of the letter is AST SpaceMobile’s strategic partnership with Verizon Communications Inc. (NYSE:VZ), building on its existing agreement with AT&T Inc. (NYSE:T). AST SpaceMobile plans to deploy the largest commercial communi
Whales with a lot of money to spend have taken a noticeably bullish stance on AST SpaceMobile. Looking at options history for AST SpaceMobile (NASDAQ:ASTS) we detected 22 trades. If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 36% with bearish. From the overall spotted trades, 2 are puts, for a total amount of $65,000 and 20, calls, for a total amount of $965,518. Predicted Price Range Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2.5 to $20.0 for AST SpaceMobile over the last 3 months. Analyzing Volume & Open Interes
AST SpaceMobile's (NYSE:ASTS) short percent of float has fallen 13.82% since its last report. The company recently reported that it has 25.39 million shares sold short, which is 18.21% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.53 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int
AST SpaceMobile, Inc (NASDAQ:ASTS) stock is trading higher Monday after Chairman and CEO Abel Avellan published a letter to partners, shareholders, and future space-based cellular broadband network users. Avellan said the strategic partnership with Verizon Communications Inc (NYSE:VZ), building on its existing agreement with AT&T Inc (NYSE:T), aims to eliminate connectivity gaps across the United States by deploying a space-based cellular broadband network. AST SpaceMobile stock gained after the update. The partnership with Verizon secures additional capital via prepayments and convertible notes, accelerating AST SpaceMobile’s mission to achieve 100% geographical coverage in the conti
AST SpaceMobile, Inc‘s (NASDAQ:ASTS) leadership shakeup helped boost its stock price 5.65% to $11.61 at last check Wednesday. Andrew Johnson will take on the additional role of Chief Financial Officer while continuing as Chief Legal Officer. Johnson joined AST SpaceMobile in May from 3D Systems Corp (NYSE:DDD), where he served in various senior roles. AST SpaceMobile CEO Abel Avellan expressed gratitude to Sean Wallace, the outgoing CFO, for his leadership and contributions during a critical period of R&D and strategic partnerships. Scott Wisniewski will add the role of President to his responsibilities as Chief Strategy Officer. Wisniewski will oversee commercialization effo
Executive leadership team set to accelerate commercialization and manufacturing efforts to support space-based cellular broadband network build outAST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones and is designed for both commercial and government use, today announced a strategic realignment of its executive leadership team including the appointment of Scott Wisniewski, who currently serves as Chief Strategy Officer, to the additional role of President, Shanti Gupta, who currently serves as Chief Accounting Officer, as Chief Operations Officer, and Andrew Johnson,
AST SpaceMobile, Inc (NASDAQ:ASTS), the company developing the first space-based cellular broadband network accessible directly by smartphones, has announced the appointment of Chris Sambar to its Board of Directors, effective June 20. Sambar, who is the Head of Network at AT&T Inc (NYSE:T), succeeds Alex Coleman, Chairman at New Providence Acquisition Corp. The stock saw some redemption Monday after a selloff Friday. The addition of Sambar to the Board comes at a crucial time for AST SpaceMobile as the company prepares to launch its first commercial satellites into low Earth orbit from Cape Canaveral this summer. Sambar has over two decades of experience at AT&T (NYSE:T). In h
Deep-pocketed investors have adopted a bullish approach towards AST SpaceMobile (NASDAQ:ASTS), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ASTS usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for AST SpaceMobile. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 46% leaning bullish and 46% bearish. Among these notable
Executive leadership team set to accelerate commercialization and manufacturing efforts to support space-based cellular broadband network build out AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones and is designed for both commercial and government use, today announced a strategic realignment of its executive leadership team including the appointment of Scott Wisniewski, who currently serves as Chief Strategy Officer, to the additional role of President, Shanti Gupta, who currently serves as Chief Accounting Officer, as Chief Operations Officer, and Andrew John
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 appointment of Chris Sambar to its Board of Directors, effective June 20, succeeding Alex Coleman, Chairman at New Providence Acquisition Corp. Mr. Sambar brings a distinguished career in leadership and technology to AST SpaceMobile, further strengthening the company's expertise as it prepares for its next phase of growth. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240624944397/en
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 applications, today announced the appointment of telecom industry veteran Johan Wibergh to its Board of Directors, effective June 3rd. Wibergh brings over 35 years of experience in the telecommunications sector, including leadership positions at Vodafone and Ericsson. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240604977331/en/Johan Wibergh (Photo: Business Wire) "We are thrilled to welcome Johan to our B
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 applications, today announced the appointment of Andrew Johnson as Chief Legal Officer. Johnson has assumed his new role effective May 6, 2024. Johnson brings over 24 years of diverse legal experience across emerging markets, capital markets and international operations to AST SpaceMobile's executive team. He most recently served as Executive Vice President, Chief Legal Officer and Chief Corporate Development Officer for 3D Systems Corporation, a publicly traded compa
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, today announced the appointment of its Founder, Chairman, and CEO, Abel Avellan, as a Commissioner to the ITU/UNESCO Broadband Commission for Sustainable Development. AST SpaceMobile believes this appointment underscores the natural alignment between the company's mission to connect the unconnected by bringing broadband to the billions worldwide and the Broadband Commission's efforts to promote universal connectivity as a cornerstone of a sustainable and inclusive future. This press release features multimedia.
AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network designed to be accessible directly by standard mobile phones, today announced the appointment of Sean Wallace as Executive Vice President and Chief Financial Officer. Wallace will assume his new role effective May 10, 2022. Wallace brings decades of diverse financial experience across emerging markets, capital markets and international telecommunications operations to AST SpaceMobile's executive team. He most recently served as Chief Financial Officer and Treasurer for Cogent Communications, one of the leading internet service providers in the world with o