US Stock Market Move | Announced that the next generation BlueBird 6 satellite will be launched in December, AST SpaceMobile (ASTS.US) increased by 4.77%.
As of press time, the stock has risen by 4.77% to $53.12.
On Friday, AST SpaceMobile (ASTS.US) saw its stock price rise in pre-market trading, with the stock up 4.77% to $53.12 as of the time of publication. On the news front, their next-generation BlueBird 6 satellite is set to launch from the Satish Dhawan Space Center in India on December 15th.
According to the company, BlueBird 6 will be equipped with the world's largest commercial phased array antenna, with an area of approximately 2,400 square feet. Not only is it 3.5 times larger than the previous generation, but it also has a 10-fold increase in data capacity, marking a significant advancement in the company's vision of "direct-to-smartphone satellites."
Abel Avellan, founder and CEO of AST SpaceMobile, said, "Our next-generation satellites are on track to enable seamless cellular broadband connectivity for ordinary smartphones from space. As an American company, we are proud to showcase U.S. leadership in space innovation and usher in a new era of global connectivity."
The company is also accelerating production, aiming to complete the miniaturization of components equivalent to 40 satellites by early 2026. They plan to complete five orbital launches by the end of the first quarter of 2026, and strive to deploy 45 to 60 satellites into orbit by the end of 2026, ensuring continuous coverage in the United States and some markets.
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