AST SpaceMobile are rising over 12% today as investors respond enthusiastically to the latest updates on the progress of the BlueBird satellite constellation. The main driver of the price increase is the announcement of the completion of the final assembly and successful testing of the BlueBird 6 satellite, which is scheduled to be shipped to India on October 12 — an important milestone in the project timeline. Additionally, BlueBird 7 is in the final stages of preparation and is set to be transported to the launch site in Cape Canaveral later this month, highlighting the company’s pace and effectiveness.
The company is steadily executing its ambitious plans, aiming to have between 45 and 60 BlueBird satellites in low Earth orbit by the end of 2026. This will significantly expand AST SpaceMobile’s network coverage and operational capacity, opening new opportunities for delivering global cellular connectivity. Regular satellite launches planned every one to two months over the next two years demonstrate the scale and dynamic pace of the entire project.
Investors also reacted positively to Barclays analysts raising the target price of the shares to $60, reflecting growing confidence in AST SpaceMobile’s competitive advantage. The company stands out with its unique technology that enables direct satellite-to-cell phone connectivity, offering a comprehensive range of communication services — from voice calls and text messages to internet access — positioning it favorably against competitors, including Starlink.
Although the satellite market is demanding and full of uncertainties, today’s strong price increase reflects rising investor confidence in the company’s ability to achieve its ambitious goals and its potential to break barriers and revolutionize global wireless connectivity.
Source: xStation5
Tesla share price drops, as Musk’s vision and ideas lead to some skepticism
Tesla falls 1.30% despite record quarterly revenue 🔎
Daily wrap – US Export Restrictions on China and Weaker Earnings Trigger Wall Street Correction
Google Quantum Echoes – A Quantum Computing Breakthrough
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
