The Latest Breaking News from AST SpaceMobile

US firm building space-based cellular network opens R&D centre in Hyderabad

Gainers

AST SpaceMobile, Inc (NASDAQ:ASTS) won an experimental license from the Federal Communications Commission (FCC) supporting its U.S.-based testing of the BlueWalker 3 satellite. AST SpaceMobile is the company building the first and only space-based cellular broadband network designed to be accessible directly by standard mobile phones. The authorization coincides with AST SpaceMobile's preparation…

AST SpaceMobile Inc (NASDAQ:ASTS) has entered a non-binding memorandum of understanding with Orange SA (NYSE:ORAN). The companies will examine the opportunity for Orange to test the SpaceMobile service in one African country, following AST SpaceMobile's planned launch of BlueWalker 3. BlueWalker 3 is ASTS's test satellite with an aperture of 693 square feet, designed to…

A small-cap space communications company signed a agreement with one of the largest space companies Wednesday, causing shares to spike higher.

AST SpaceMobile Inc (NASDAQ: ASTS) is trading higher Wednesday after the company announced it signed a multi-launch agreement with SpaceX for planned direct-to-cell phone connectivity. 

Space stocks continue to underperform the broader market, given the industry’s bleak near-term prospects. Therefore, amid the current, highly volatile market conditions, we think it could be wise to avoid fundamentally weak space stocks Virgin Galactic (SPCE), AST SpaceMobile (ASTS), Astra Space (ASTR), and Redwire (RDW). Read on to learn…