The satellite industry is shifting focus from rockets to controlling radio spectrum for direct-to-handset connectivity. The FCC's new Supplemental Coverage from Space authorization enables satellites to beam service directly to ordinary smartphones. Key players include AST SpaceMobile, SpaceX, Rocket Lab, and Amazon, each leveraging spectrum and partnerships to dominate this emerging market. Apple plays a crucial role as the downstream beneficiary by integrating these services into its devices. Regulatory decisions and carrier certifications will be critical to the sector's future growth.
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 ...
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...
