The Latest Breaking News from SpaceMobile

Shares of AST SpaceMobile Inc (NASDAQ:ASTS) are continuing their upward trend Thursday afternoon, marking a year-to-date increase of nearly 200%. Here’s what investors need to know.

AST SpaceMobile Inc. (NASDAQ:ASTS) shares are trending on Wednesday.

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…

The Federal Reserve’s hawkish stance and growing recession odds have been fostering immense market volatility of late. Moreover, September job gains almost affirm the Fed’s aggressive rate hike in the upcoming meeting. Given a highly volatile market backdrop, we think it could be wise to avoid fundamentally weak, high-volatility stocks…

Orange (NYSE:ORAN) does not plan to sell its physical telecoms network, Reuters reports. CFO Ramon Fernandez denied news of Orange exploring the sale of its 734,000 kilometers of underground lines and its 15 million telephone poles worth €8 billion to an infrastructure fund. Orange recently collaborated with AST SpaceMobile to examine the opportunity for…

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…

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…