AST SpaceMobile Inc - Ordinary Shares - Class A Stock News

The launch of AST SpaceMobile's first five commercial satellites is scheduled for 4:52 a.m. Eastern time Thursday.

Subscribers to  Chart of the Week  received this commentary on Sunday, September 8.

The impending launch for AST SpaceMobile's first commercial satellites has investors excited. The reality is that the company's plans will require plenty of capital.

Space-based broadband company AST SpaceMobile is planning the launch of its first five commercial satellites on or after Sept. 12.

The company announced two critical updates that could have enormous implications for shareholders.

The commercial space sector is turning into a massive investment opportunity. AST SpaceMobile could become a viable rival to Elon Musk's Starlink.

AST SpaceMobile stock has had an incredible year so far.

AST SpaceMobile NASDAQ: ASTS has been on an incredible tear in 2024, surging nearly 450% YTD. It has also sidestepped recent market weakness and displayed remarkable relative strength, particularly in the last quarter, where it gained close to 300% versus the technology sector's negative return in the same period.