AST SpaceMobile Wins U.S. Space Force Contract
AST SpaceMobile will support prime contractor STR under a new U.S. Space Force contract to develop its space-based cellular broadband network.
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AST SpaceMobile Stock Slides Thursday Despite Space Force Contract: What’s Going On?
Shares of AST SpaceMobile Inc (NASDAQ:ASTS) are moving lower on Thursday, even after the company was awarded a U.S. Space Force contract. Here’s what you need to know.
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AST SpaceMobile Secures U.S. Space Force Contract Support Role To Advance Commercial Space-Based Sensing Technology
Pomerantz Law Firm Announces the Filing of a Class Action Against AST SpaceMobile, Inc. and Certain Officers – ASTS
A class action lawsuit has been filed against AST SpaceMobile, Inc. and certain officers for alleged violations of federal securities laws. The complaint alleges that defendants made materially false and misleading statements regarding the company's competitive position in the satellite direct-to-cellular market, capital sufficiency, and user adoption rates, particularly following SpaceX's entry into the market through the EchoStar transaction. The class period spans March 4, 2025 to July 15, 2026.
Why Shares of AST SpaceMobile Slipped 27% Last Month
AST SpaceMobile's stock fell 27% in October, down 71% from its highs, due to delays in satellite deployment, heavy cash burn ($719M negative free cash flow last quarter), and competition from SpaceX's Starlink direct-to-smartphone service. Despite the stock price collapse, the company still trades at a $15B market cap with minimal revenue, making it overvalued even after the decline. The analyst recommends avoiding the stock.
AT&T and AST SpaceMobile Achieve First Successful Handoff Between Ground and Satellite Networks
AST SpaceMobile and AT&T, supported by Ericsson and Nokia, have successfully completed an industry-first handoff between a ground-based cellular network and a direct-to-device satellite network.
AST SpaceMobile Shares Decline Following Reports of Potential SpaceX-EchoStar Deal
AST SpaceMobile shares fell 11% amid market concerns regarding a potential deal between SpaceX and EchoStar involving Boost Mobile.