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Barchart
Barchart
Ruchi Gupta

A $1 Billion Reason to Sell AST SpaceMobile Stock Here

AST SpaceMobile (ASTS) is a Midland, Texas-based space technology company founded in 2017 by CEO Abel Avellan. Its mission to eliminate the global mobile connectivity gap by building the world's first and only space-based cellular broadband network capable of operating directly with standard, unmodified smartphones. The company's BlueBird satellite constellation operates in low Earth orbit, delivering direct-to-device broadband coverage for users on land, at sea, and in flight without requiring any hardware modifications.

AST SpaceMobile has nearly 60 mobile network operator partners covering over three billion subscribers globally, including AT&T (T), Verizon (VZ), Vodafone (VOD), and Rakuten (RKUNF), as well as FCC authorization, to provide Supplemental Coverage from Space across a network of up to 248 satellites. AST represents one of the most ambitious and potentially transformative bets in the global telecommunications infrastructure space.

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