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Anushka Dutta

AST SpaceMobile Just Revealed New Satellite Launch Plans. How Should You Play ASTS Stock Here?

AST SpaceMobile AST ASTS BofA Securities SpaceX

Space-based operations company AST SpaceMobile (ASTS) recently announced its plan to deploy 45 to 60 satellites into orbit by 2026. With six satellites in orbit — five of which are fully operational and one a test satellite— the company's target is quite hefty. AST SpaceMobile plans to make orbital launches “every one to two months on average” during this year and the next. 

The company is also on target to complete 40 satellites equivalent of microns by early 2026 to support multiple space-based cellular broadband services. The company is also set to gain new spectrum priority rights, as it has announced the acquisition of global S-Band spectrum priority rights held under the auspices of the International Telecommunication Union (ITU).

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