Why Did AST SpaceMobile Stock Pop Today?
Yahoo Finance ·
Satellite communications company AST SpaceMobile ( ASTS +8.29% ) jumped 11% through 2:15 p.m. ET this afternoon, and on no obvious good news. No obvious good news today , that is. Earlier in the week, AST offered some encouraging words to investors. On Tuesday, AST confirmed that it's following up on the successful launch of its BlueBird satellites 8, 9, and 10 on June 17, with another three-satellite combo launch in August. Like their immediate predecessors, BlueBirds 11, 12, and 13 will ride a SpaceX ( SPCX 0.52% ) Falcon 9 into orbit, accelerating the company's launch cadence to one launch every two months -- and its annual launch capacity to perhaps as many as 18 satellites per year. At this rate, AST's 24 satellites currently under construction (BlueBirds 14 through 37) should reach orbit by the end of 2027.
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