AST SpaceMobile (ASTS) Soars 20.86% on Planned Satellites Launch
AST SpaceMobile snapped a four-day losing streak on Tuesday, jumping 8.36 percent after trading as much as 20.86 percent intra-day, as investor sentiment was bolstered by its plans to launch 60 satellites next year.
'We are confirming our fully-funded plan to deploy 45 to 60 satellites into orbit by 2026 to support continuous service in the US, Europe, Japan, and other strategic markets, including the US Government,' said AST SpaceMobile, Inc. (NASDAQ:ASTS) Chairman and CEO Abel Avellan in a statement.
'We also have planned orbital launches every one to two months on average during 2025 and 2026,' he added.
Additionally, AST SpaceMobile, Inc. (NASDAQ:ASTS) is planning to deploy nationwide intermittent service in the US by the end of the year, followed by the UK, Japan, and Canada in the first quarter next year. This, alone, is expected to rake in revenues between $50 million and $75 million from government and commercial customers in the second half of the year.
In the second quarter, AST SpaceMobile, Inc. (NASDAQ:ASTS) widened its net loss attributable to shareholders by 37 percent to $99.4 million from $72.5 million in the same period last year, despite revenues growing by 28 percent to $1.156 billion from $900 million year-on-year.
Copyright: hywards / 123RF Stock Photo
In the first half, attributable net loss grew by 57 percent to $145.1 million from $92.28 million in the same period last year, while revenues increased by 33.8 percent $1.874 billion from $1.4 billion year-on-year.
While we acknowledge the potential of ASTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
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