The Latest Breaking News from ASTS

Space stocks are sizzling, and with AST's imminent satellite launch around the corner, speculators have been piling into this breakout stock.

The adoption of 5G, newer technologies, and lucrative government investments are boosting the telecom industry’s growth. Hence, investing in the fundamentally strong telecom stock Spok Holdings (SPOK) could be wise. However, the high cost of deploying 5G and the worsening economy could be the industry’s near-term headwinds. Therefore, fundamentally weak…

AST SpaceMobile Inc (NASDAQ: ASTS) shares are trading lower in Monday's after-hours session after the company reported financial results.

Surging inflation, worries over the Fed’s aggressive interest rate hikes, and an escalating Russia-Ukraine war have contributed to heightened market volatility and exacerbated a sell-off in satellite stocks over the past few months. So, we think it could be wise to avoid the overvalued stocks of satellite companies Globalstar (GSAT)…

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…

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…