Scotiabank Downgrades AST SpaceMobile After Share Price Surge
Scotiabank cut AST SpaceMobile to Underperform, warning the stock price has risen to irrational levels and cash flows may not arrive until 2028–2029.
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AST SpaceMobile Launches Record-Breaking BlueBird 6 Satellite
AST SpaceMobile (ASTS) successfully launches BlueBird 6, the largest commercial communications satellite in low Earth orbit, enabling 5G connectivity directly to standard smartphones.
AST SpaceMobile Set to Launch Next-Gen Satellite to Boost Space-Based Mobile Coverage
AST SpaceMobile will launch its next-generation BlueBird 6 satellite on Dec. 15, aiming to deliver direct-to-smartphone broadband from space and expand coverage across the U.S. in 2026.
AST SpaceMobile Partners with stc Group for Satellite-Direct Phone Service Across Saudi Arabia and MENA Region
AST SpaceMobile and stc group announce 10-year deal to bring direct-to-device satellite connectivity to Saudi Arabia and MENA, eliminating coverage gaps with space-based 5G/4G LTE service starting Q4 2026.
AST SpaceMobile Shares Fall After Announcing New Share and Debt Issuance
AST SpaceMobile stock drops as the company issues new shares and $1B in convertible notes to refinance debt and fund satellite expansion.
Barclays Dramatically Cuts Rating on AST SpaceMobile Despite Strong Potential
Barclays downgrades AST SpaceMobile from Overweight to Underweight, maintaining $60 price target. Stock valuation concerns overshadow promising direct-to-cellular technology prospects.