AST SpaceMobile Inc - Ordinary Shares - Class A Stock News

Several pure-play space stocks rallied 20% or more this week, in part driven by what sector analysts called a "Trump-Elon trade." Just this week saw Rocket Lab up 41%, Intuitive Machines up 28%, Spire Global up 26%, Planet Labs up 16%, Redwire up 15% and AST SpaceMobile up 10%.

AST SpaceMobile's satellite technology hopes to revolutionize cell communication. Shares of the SpaceX partner have rocketed this year.

Why AST SpaceMobile Stock Just Crashed 12%

Is the market having the right reaction to AST SpaceMobile's recent third-quarter report?

Why Is AST SpaceMobile Stock Plummeting After Earnings?

AST SpaceMobile's share price dropped after the release of its Q3 results, although there was little reason for this from a fundamental perspective. AST is reaching a point where it can demonstrate the viability of its business, but meaningful revenue probably remains 1-2 years away. This likely means that ASTS stock will remain at the mercy of small shifts in investor sentiment in the short term.

AST SpaceMobile plans to use Blue Origin's New Glenn rocket to launch some of the satellites for its space-based cellular broadband network in 2025 and 2026.

AST SpaceMobile, Inc. (NASDAQ:ASTS ) Q3 2024 Earnings Conference Call November 14, 2024 5:00 PM ET Company Participants Scott Wisniewski - President and Chief Strategy Officer Abel Avellan - Founder, Chairman and Chief Executive Officer Andrew Johnson - Chief Financial Officer and Chief Legal Officer Conference Call Participants Mike Crawford - B. Riley Securities Christopher Schoell - UBS Chri...