Elon Musk announced that SpaceX's Starlink aims to expand its satellite network to 100,000 units, nearly doubling the current total satellites in orbit. He envisions Starlink handling over 90% of global internet traffic, effectively rebuilding the internet from space. This scale far surpasses competitors like AST SpaceMobile and Viasat, which have far fewer satellites and different business models. The move could reshape internet access and competition with traditional carriers, with significant revenue potential if Musk's vision is realized.
AST SpaceMobile's stock has dropped 56% from its peak, but the company continues to progress with its BlueBird satellite deployment, aiming for about 45 satellites by early 2027. Manufacturing has reached BlueBird 46, with a goal of producing six sat...
AST SpaceMobile, Inc. is the subject of a securities fraud class action lawsuit filed for alleged false statements about its capital, liquidity, and competitive position between March 4, 2025, and July 15, 2026. The lawsuit claims the company oversta...
Space stocks including Rocket Lab, AST SpaceMobile, and Planet Labs dropped significantly on Friday, with Rocket Lab down 5%. The selloff appears driven by sector rotation rather than company-specific news, as AST SpaceMobile, unrelated to Rocket Lab...
Grabar Law Office is investigating whether AST SpaceMobile's executives breached their duties by allegedly making false or misleading statements about the company's financial health and competitive position. The probe follows a securities fraud class...
AST SpaceMobile is facing a securities class action lawsuit alleging it misled investors about its competitive position and slow user adoption in the U.S. and Japan. The company's stock dropped sharply after reports highlighted slow uptake and increa...
