AST SpaceMobile Gets B. Riley Buy Upgrade as $1B Convertible Deal Funds Satellite Expansion
B. Riley sees upside after a 44% drop and continues to back AST SpaceMobile’s satellite broadband growth plans.
B. Riley sees upside after a 44% drop and continues to back AST SpaceMobile’s satellite broadband growth plans.
These are the largest commercial communications arrays deployed in low Earth orbit, designed to deliver high-speed connectivity directly to standard smartphones.
After a recent launch provider setback, AST SpaceMobile switches to SpaceX Falcon 9 for the June 17, 2026 launch of BlueBird satellites 8, 9 & 10, accelerating its direct-to-smartphone cellular broadband network.
Blue Origin’s New Glenn rocket burst into flames during a test, delaying Amazon’s satellite plans and AST SpaceMobile’s launch schedule. Space stocks drop sharply.
Cantor raises Intuitive Machines target on strong growth, lunar contracts, Space Force deal, and rising space sector momentum.
AST SpaceMobile shares surged after AT&T, Verizon, and T-Mobile announced a joint venture to expand satellite direct-to-device coverage and eliminate U.S. dead zones.