Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) are rising Thursday. Here’s why the Texas-based satellite and cellular broadband company’s stock is trending.
What To Know: Later this month, AST SpaceMobile will launch the largest commercial communications array ever deployed in low earth orbit. The launch will be out of India and is part of the company’s goal of 45 to 60 satellites in orbit by the end of next year. To reach this goal, the company is also accelerating production with 40 satellites equivalent of microns, which are components of satellites, on track to be completed by early next year.
