Japan's government has selected a joint venture between Rakuten and AST SpaceMobile for its J-LEO satellite initiative, providing up to $1 billion in funding and pushing the program's value toward $2 billion with private matching. AST SpaceMobile is deploying its BlueBird constellation, with 13 satellites already in orbit and plans for about 45 by early 2027, aiming to offer direct-to-device cellular service from space. This move positions ASTS as a key player in satellite operating systems, distinct from SpaceX's Starlink, with strong industry partnerships and a solid financial base. Investors should watch ASTS closely as Japan moves from preliminary awards to signed contracts, signaling a potential shift in the satellite connectivity market.
AST SpaceMobile's stock has fallen nearly 53% even as the company has launched 13 satellites and holds a $1.3 billion backlog with $3.7 billion in liquidity. The firm aims to reach about 45 satellites by early 2027 to enable continuous coverage in ke...
AST SpaceMobile is developing a space-based cellular network connecting directly to smartphones, with shares rising 9.39% intraday to $61.04 despite a tough Q2 report showing a $125.9 million loss and a law firm investigation. Analysts have a mixed o...
Planet Labs' stock fell 8% even after announcing a new European defense contract and receiving a Buy rating from Berenberg. The contract is relatively small compared to previous deals, so it doesn't significantly impact revenue or guidance. The secto...
AST SpaceMobile (ASTS) shares jumped over 11% to about $62.40 after Berenberg initiated coverage with a buy rating and a $92 price target. The company aims to generate nearly $1 billion in revenue in 2027, its first commercial year, driven by deployi...
AST SpaceMobile shares surged 12% following Berenberg's initiation with a $92 price target, highlighting its unique cellular broadband service from space. Planet Labs also rose 5%, supported by its daily Earth imaging and a growing backlog. The gains...
