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Barchart
Barchart
Pathikrit Bose

AST SpaceMobile Shares Rise on Successful Bluebird Satellite Launches. What This Means for ASTS Stock.

AST ASTS AST SpaceMobile Bluebird SpaceX

Shares of satellite communications company AST SpaceMobile (ASTS) ended sharply higher in yesterday's trading session following the successful orbital launch of its three satellites—Bluebird 8, 9, and 10. Further, Bluebirds 11, 12, and 13 are also set for launch soon, with Bluebird 37 in production too.

The timing could not have been better, as the excitement around space companies is at its highest among the investing public, thanks to the SpaceX IPO last week. In fact, SpaceX's Falcon 9 carried the satellites for deployment in low-earth orbit, continuing a long-standing relationship between the two companies.

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