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Did you buy ASTS securities between March 4, 2025 and July 15, 2026?

Affected ASTS Investor Summary

Who: AST SpaceMobile, Inc. (NASDAQ: ASTS)What: Securities fraud class action lawsuit filedClass Period: March 4, 2025 through July 15, 2026Deadline to Seek Lead Plaintiff Status: November 13, 2026Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company’s capital and liquidity position.Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options RADNOR, Pa., Oct. 23, 2026 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against AST SpaceMobile, Inc. (AST) (NASDAQ: ASTS) on behalf of those who purchased or acquired AST securities between March 4, 2025 and July 15, 2026, inclusive. The lawsuit is filed in the United States District Court for the Western District of Texas and is captioned Hunter v. AST SpaceMobile, Inc., No. 7:26-cv-00378 (W.D. Tex.). Investors have until November 13, 2026, to file for lead plaintiff status.  

CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired AST securities and have lost money on your investment, please provide your information here:

https://www.ktmc.com/asts-ast-spacemobile-inc-class-action-lawsuit?utm_source=Globe&utm_medium=pressrelease&utm_campaign=asts&mktm=PR

To view the AST video on YouTube, click here: https://youtu.be/Y3ho2nK1mZo?si=UWOeZxO1resG0YuO

You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.

AST SPACEMOBILE, INC. CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) AST’s increasing capital requirements were likely to increase the company’s debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (2) accordingly, AST had overstated the sufficiency of the company’s capital and liquidity position to achieve its strategic and business goals; (3) AST likewise overstated the durability of its competitive position in the satellite D2C market; (4) even following the EchoStar Transaction, Defendants continued overstating AST’s competitive position in the satellite D2C market; (5) AST was experiencing slow user adoption in the U.S. and Japan; (6) the foregoing was likely to have a significant negative impact on AST’s business and financial prospects; and (7) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

Why did AST’s Stock Drop?
Between September 8, 2025 and July 15, 2026, a series of stock downgrades and company disclosures caused AST’s stock price to fall significantly. Specifically, on January 7, 2026, Scotiabank downgraded AST to sell, citing, among other things, significant competition from SpaceX's Starlink, slow customer adoption, and delays in launching AST's satellites. Then, on July 15, 2026, AST issued a press release "announc[ing] the pricing of $1.0 billion aggregate principal amount of 1.625% convertible senior notes due 2034". Following these disclosures, AST’s Class A common stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.

WHAT AST SPACEMOBILE, INC. INVESTORS CAN DO NOW:

File to be lead plaintiff by November 13, 2026.Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you.Retain counsel of choice or take no action. THE LEAD PLAINTIFF PROCESS FOR AST SPACEMOBILE, INC. INVESTORS:
AST investors may, no later than November 13, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP encourages AST investors to contact the firm for more information.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):

Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500’s Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.

CONTACT:

Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]

        May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

NEW YORK, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against AST SpaceMobile, Inc. (“AST” or the “Company”) (NASDAQ: ASTS) and certain officers. The class action, filed in the United States District Court for the Western District of Texas, Midland-Odessa Division, and docketed under 26-cv-00378, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired AST securities between March 4, 2025 and July 15, 2026, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired AST securities during the Class Period, you have until November 13, 2026 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.  

[Click here for information about joining the class action]

AST, together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States (“U.S.”).  The Company provides a cellular broadband network in space for direct access by smartphones for commercial use and other applications, as well as for government use.  In addition, its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage.

At all relevant times, Defendants touted AST’s purportedly unique competitive advantages and leadership position in the satellite direct-to-cellular (“D2C”) market.  In particular, throughout the Class Period, Defendants touted AST’s business and financial prospects as purportedly the only established space-based cellular broadband network for mobile phones.

Defendants’ assurances regarding AST’s purportedly durable competitive position in the satellite D2C market came into question in September 2025, when American telecommunications company EchoStar Corporation (“EchoStar”) announced that it had entered into a definitive agreement with SpaceX, an American aerospace manufacturer and space transportation company, to sell its AWS-4 and H-block spectrum licenses (the “EchoStar Transaction”).  In connection with the EchoStar Transaction, SpaceX and EchoStar agreed to enter into a long-term commercial agreement, enabling EchoStar’s Boost Mobile subscribers—through its cloud-native 5G core—to access SpaceX’s next generation D2C service provided by its telecommunications subsidiary Starlink Services, LLC (“Starlink”).

SpaceX commands a dominant position in the global aerospace and orbital launch industry, with the ability to produce and launch numerous satellites at scale.  Its subsidiary Starlink provides a broadband internet satellite constellation that accounts for roughly 54% of all active satellites in Earth’s orbit, with approximately 9,821 Starlink satellites currently active in low Earth orbit.  Viewed in combination with its considerable resources, SpaceX’s entry into the satellite D2C market was potentially a threat to AST’s commercial aspirations.

Following the EchoStar Transaction, however, Defendants continued to assure investors and the market that AST remained in a competitive class of its own, with the Company poised to realize significant revenues and profits in the near-term.  Likewise, Defendants continuously represented that AST’s capital and liquidity position was sufficient to meet its strategic and business goals at all relevant times, notwithstanding the heightened competitive pressures it faced following the EchoStar Transaction.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) AST’s increasing capital requirements were likely to increase the Company’s debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (ii) accordingly, Defendants had overstated the sufficiency of AST’s capital and liquidity position to achieve its strategic and business goals; (iii) Defendants likewise overstated the durability of AST’s competitive position in the satellite D2C market; (iv) even following the EchoStar Transaction, Defendants continued overstating AST’s competitive position in the satellite D2C market; (v) AST was experiencing slow user adoption in the U.S. and Japan; (vi) the foregoing was likely to have a significant negative impact on the Company’s business and financial prospects; and (vii) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

The truth began to emerge on September 8, 2025, when UBS issued a report downgrading AST to a “Neutral” from “Buy” recommendation, as well as cutting its price target on the Company to $43.00 from $62.00, mainly citing heightened competitive pressures related to the EchoStar Transaction, which “fortifies [Starlink’s] position in the space to cellular market and increases risk for AST[] as it drives utilization on its nascent constellation[.]”

Following the release of UBS’s report, AST’s Class A common stock price fell $3.86 per share, or 9.47%, to close at $36.91 per share on September 9, 2025.

On October 21, 2025, AST issued a press release “announc[ing] its intent to offer . . . $850.0 million aggregate principal amount of convertible senior notes due 2036 (the ‘Notes’) in a private offering”, and that it “intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes.”  The press release disclosed that AST would use the proceeds from this offering “for general corporate purposes, including without limitation funding the deployment of AST SpaceMobile’s worldwide constellation of satellites in anticipation of adding incremental strategic markets for its SpaceMobile Service.”  (Emphasis added.)

Later the same day, AST issued another press release “announc[ing] the pricing of $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the ‘Notes’) in a private offering”, noting that “[t]he size of the offering has been increased from the previously announced $850.0 million principal amount of Notes”, while reiterating the same intended use for the net proceeds from the offering.

Following these disclosures, AST’s Class A common stock price fell $7.26 per share, or 9.24%, to close at $71.35 per share on October 22, 2025.

On January 6, 2026, Scotiabank issued a report downgrading AST to a “Sell” recommendation, as well as its rating to “Sector Underperform” from “Sector Perform”, citing, inter alia, significant competition from Starlink and “[e]vidence of slow user adoption in the U.S. and Japan[.]”

Following the release of Scotiabank’s report, AST’s Class A common stock price fell $11.76 per share, or 12.06%, to close at $85.73 per share on January 7, 2026.

On February 11, 2026, AST issued a press release “announc[ing] its intent to offer . . . $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the ‘Notes’) in a private offering”, and that it “intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes.”  The press release disclosed that AST intended to use the proceeds from the offering “for general corporate purposes, including without limitation, accelerating the deployment of our controlled spectrum bands on a global basis, monetizing the capabilities of our proprietary technology to capture the evolving commercial opportunities related to artificial intelligence, enhancing investment in government space opportunities in the U.S., reducing higher interest debt, and pursuing opportunistic investments to accelerate our SpaceMobile Service and capabilities.”    (Emphasis added.)

The next day, AST issued another press release announcing the pricing of the foregoing offering at “an initial conversion price of approximately $116.30 per share of AST SpaceMobile’s Class A common stock, which represents a premium of approximately 20% to the last reported sale price of AST SpaceMobile’s Class A common stock on February 11, 2026.”

Following these disclosures, AST’s Class A common stock price fell $14.70 per share, or 15.17%, to close at $82.22 per share on February 12, 2026. 

Then, on July 15, 2026, AST issued a press release “announc[ing] its intent to offer” yet another “$1.0 billion aggregate principal amount of convertible senior notes due 2034 (the ‘Notes’) in a private offering”, and that it “intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150 million aggregate principal amount of Notes.”  The press release disclosed that AST intended to use the proceeds from the offering to, inter alia, “pursue an expanding universe of growth initiatives and secure additional access to orbit for its space-based cellular broadband network, including partnerships and/or acquisitions to further vertically integrate its business and mitigate risks associated with third-party launch providers.”    (Emphasis added.)  The press release further disclosed that the Company “currently does not have any understandings or agreements with respect to any such strategic transactions.”  (Emphasis added.)

Later the same day, AST issued another press release announcing the pricing of the foregoing offering.  Specifically, “$1.0 billion 1.625% convertible senior notes due 2034 . . . [at] an initial conversion price of approximately $79.57 per share of AST SpaceMobile’s Class A common stock, which represents a premium of approximately 20.0% over the last reported sale price of AST SpaceMobile’s Class A common stock on July 15, 2026”, as well as “[c]apped call transactions . . . [at] an initial cap price of $149.20 per share of AST SpaceMobile’s Class A common stock, which represents a premium of 125.0% over the last reported sale price of AST SpaceMobile’s Class A common stock on July 15, 2026.”

Following the foregoing disclosures, AST’s Class A common stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising.  Prior results do not guarantee similar outcomes.    

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

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Collaboration among Europe’s four largest mobile network operators expected to accelerate network integration, expand coverage and improve connectivity for the citizens of Europe

Dedicated European-operated ground infrastructure and BlueBird satellite capabilities support service readiness across more than 500 million mobile subscribers

MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, welcomes the Letter of Intent signed by its mobile network operator partners Deutsche Telekom, Orange, Telefónica and Vodafone to explore a potential joint bid for Mobile Satellite Services (MSS) spectrum as AST SpaceMobile continues to advance service readiness across Europe.

The collaboration among Europe’s four largest mobile network operators is expected to accelerate network integration, improve the customer experience and extend coverage into areas without reliable mobile connectivity. The initiative supports a coordinated approach to spectrum access and service deployment, strengthening European digital data sovereignty while enabling operators to deliver space-based cellular broadband through their existing mobile services.

“Europe’s mobile network operators are taking an important step toward extending connectivity to every subscriber, wherever they live, work and travel,” said Wayne Thorsen, Chief Commercial Officer of AST SpaceMobile. “Our role is to support our partners with the satellite technology, spectrum capabilities and ground infrastructure needed to deliver cellular broadband directly to the phones people already use. Together, we are building a third layer of connectivity that expands coverage and strengthens the resilience of Europe’s mobile networks.”

AST SpaceMobile’s existing European joint venture, Satellite Connect Europe, AST SpaceMobile is providing a dedicated network of European-operated ground infrastructure that link its BlueBird satellites with mobile operators’ core networks. This infrastructure is designed to support coverage across Europe, a market with over 500 million mobile subscribers, while keeping data handling and service control within European jurisdiction. Operators retain their customer relationships as satellite connectivity extends the reach of their terrestrial networks.

AST SpaceMobile’s BlueBird satellites feature the largest communication satellites ever deployed in low Earth orbit and connect directly to standard, unmodified smartphones, backed by 3,900 patent and patent pending claims. The company has demonstrated peak download speeds of 98.9 Mbps, with next-generation satellites expected to deliver peak data rates approaching 200 Mbps. These capabilities are designed to support voice, video and broadband services for consumers, businesses, first responders and governments.

The Company’s satellite technology can tune across approximately 1,150 MHz of mobile network operator partners’ low- and mid-band spectrum globally. Together with AST SpaceMobile’s S-band priority rights, this flexibility enables the Company to combine participating operators’ spectrum with satellite spectrum to support expanded coverage and capacity in European markets, subject to applicable authorizations.

About AST SpaceMobile

AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio, and designed for both commercial and government applications. Our engineers and space scientists are on a mission to enable 4G and 5G space-based cellular broadband to every device, everywhere, for today’s nearly 6 billion mobile subscribers globally. For more information, follow AST SpaceMobile on YouTube, X (Formerly Twitter), LinkedIn and Facebook. Watch this video for an overview of the SpaceMobile mission.

Forward-Looking Statements

This communication contains “forward-looking statements” that are not historical facts, and involve risks and uncertainties that could cause actual results of AST SpaceMobile to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “may,” “will,” “would,” “potential,” “projects,” “predicts,” “continue,” or “should,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside AST SpaceMobile’s control and are difficult to predict.

Factors that could cause such differences include, but are not limited to: (i) expectations regarding AST SpaceMobile’s strategies and future financial performance, including AST’s future business plans or objectives, expected functionality of the SpaceMobile Service, anticipated timing of the launch of the Block 2 BlueBird satellites, anticipated demand and acceptance of mobile satellite services, prospective performance and commercial opportunities and competitors, the timing of obtaining regulatory approvals, ability to finance its research and development activities, commercial partnership acquisition and retention, products and services, pricing, marketing plans, operating expenses, market trends, revenues, liquidity, cash flows and uses of cash, capital expenditures, and AST SpaceMobile’s ability to invest in growth initiatives; (ii) the negotiation of definitive agreements with mobile network operators relating to the SpaceMobile Service that would supersede preliminary agreements and memoranda of understanding and the ability to enter into commercial agreements with other parties or government entities; (iii) the ability of AST SpaceMobile to grow and manage growth profitably and retain its key employees and AST SpaceMobile’s responses to actions of its competitors and its ability to effectively compete; (iv) changes in applicable laws or regulations; (v) the possibility that AST SpaceMobile may be adversely affected by other economic, business, and/or competitive factors; (vi) the outcome of any legal proceedings that may be instituted against AST SpaceMobile; and (vii) other risks and uncertainties indicated in the Company’s filings with the Securities and Exchange Commission (SEC), including those in the Risk Factors section of AST SpaceMobile’s Form 10-K filed with the SEC on March 2, 2026, its Form 10-Q for the fiscal quarter ended March 31, 2026 filed with the SEC on May 11, 2026 and the future reports that it may file from time to time with the SEC.

AST SpaceMobile cautions that the foregoing list of factors is not exclusive. AST SpaceMobile cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors in AST SpaceMobile’s Form 10-K filed with the SEC on March 2, 2026, its Form 10-Q for the fiscal quarter ended March 31, 2026 filed with the SEC on May 11, 2026 and the future reports that it may file from time to time with the SEC. AST SpaceMobile’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities law, AST SpaceMobile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

More News From AST SpaceMobile, Inc.

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AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report)’s share price reached a new 52-week low on Friday. The stock traded as low as $39.87 and last traded at $44.46, with a volume of 23,170,810 shares changing hands. The stock had previously closed at $42.14.

Key AST SpaceMobile News
Here are the key news stories impacting AST SpaceMobile this week:

Positive Sentiment: Options-market analysis identified a potentially attractive bullish trade based on a 227% spread, encouraging speculative buying in ASTS despite elevated volatility. Why There Might Be a Mathematical Incentive to Bet on AST SpaceMobile Stock’s 227% Options Spread
Positive Sentiment: AST SpaceMobile is pressing for satellite-to-phone access to two mobile spectrum bands ahead of the World Radiocommunication Conference. Regulatory progress could support its direct-to-device business model. ASTS Stock Bounces Overnight: Vodafone Questions SpaceX’s Europe Push, AST Presses FCC On Spectrum
Neutral Sentiment: Some coverage argues that AST SpaceMobile’s long-term opportunity remains intact if its BlueBird satellites launch on schedule and management achieves its projected revenue milestones. However, those milestones extend into 2027 and beyond. AST SpaceMobile Is Building Something Wall Street Can’t Ignore
Negative Sentiment: Piper Sandler downgraded AST SpaceMobile to Neutral from Overweight and reportedly lowered its price target to $54, citing intensifying competition from SpaceX’s direct-to-cell plans. AST SpaceMobile Falls as Piper Sandler Cuts Target on SpaceX Competition
Negative Sentiment: Analyst Tim Farrar estimates AST SpaceMobile could take until 2028 to reach 60 satellites, later than investors may expect, raising execution and commercialization concerns. ASTS Stock Heads for Worst Year Since Listing
Negative Sentiment: Several law firms publicized a securities class action and a November 13, 2026 lead-plaintiff deadline. The allegations concern statements about capital sufficiency and approximately $3 billion of convertible-note offerings, potentially increasing legal, dilution and credibility risks. The claims have not been proven. ASTS Deadline Alert

Analyst Ratings Changes
ASTS has been the subject of a number of research analyst reports. Berenberg Bank began coverage on AST SpaceMobile in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 target price for the company. William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a research report on Monday, October 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday, September 21st. Scotiabank upgraded AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 price objective for the company in a research note on Wednesday, July 29th. Finally, UBS Group began coverage on AST SpaceMobile in a report on Wednesday, September 2nd. They issued a “buy” rating for the company. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, AST SpaceMobile presently has a consensus rating of “Hold” and an average target price of $80.18.

Get Our Latest Stock Report on AST SpaceMobile
AST SpaceMobile Trading Up 5.5%
The business’s 50 day simple moving average is $61.23 and its 200 day simple moving average is $74.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of -20.78 and a beta of 2.72.

AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.45). AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. The business had revenue of $31.52 million for the quarter, compared to analyst estimates of $34.53 million. During the same quarter last year, the company posted ($0.41) EPS. Research analysts anticipate that AST SpaceMobile, Inc. will post -1.92 EPS for the current year.

Insider Transactions at AST SpaceMobile
In related news, COO Shanti Gupta sold 12,000 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction of $706,680.00. Following the completion of the sale, the chief operating officer directly owned 462,980 shares of the company’s stock, valued at $27,264,892.20. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.93, for a total transaction of $2,357,200.00. Following the completion of the transaction, the chief technology officer owned 34,750 shares in the company, valued at approximately $2,047,817.50. This trade represents a 53.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 20.89% of the company’s stock.

Institutional Trading of AST SpaceMobile
Several hedge funds have recently made changes to their positions in the company. ABN Amro Investment Solutions purchased a new stake in AST SpaceMobile in the 1st quarter valued at approximately $996,000. KBC Group NV increased its position in AST SpaceMobile by 259.5% during the 1st quarter. KBC Group NV now owns 23,438 shares of the company’s stock worth $1,942,000 after purchasing an additional 16,918 shares during the period. Bank of Nova Scotia purchased a new position in shares of AST SpaceMobile during the 1st quarter worth approximately $1,329,000. Sanders Morris Harris LLC purchased a new position in shares of AST SpaceMobile during the 3rd quarter worth approximately $1,020,000. Finally, Swedbank AB acquired a new stake in shares of AST SpaceMobile in the 1st quarter valued at approximately $3,399,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

AST SpaceMobile Company Profile
(Get Free Report)

AST SpaceMobile, Inc develops a space-based cellular broadband network designed to connect standard mobile phones directly to satellites without requiring specialized satellite phones or equipment. The company’s objective is to extend mobile connectivity to areas that lack reliable terrestrial cellular coverage, including remote and underserved regions.

Its system is built around the planned SpaceMobile satellite constellation, including BlueBird satellites equipped with large communications arrays.

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, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against AST SpaceMobile, Inc. ("AST" or the "Company") (NASDAQ: ASTS) and certain officers. The class action, filed in the United States District Court for the Western District of Texas, Midland-Odessa Division, and docketed under 26-cv-00378, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired AST securities between March 4, 2025 and July 15, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired AST securities during the Class Period, you have until November 13, 2026 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.  

[Click here for information about joining the class action]

AST, together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States ("U.S.").  The Company provides a cellular broadband network in space for direct access by smartphones for commercial use and other applications, as well as for government use.  In addition, its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage.

At all relevant times, Defendants touted AST's purportedly unique competitive advantages and leadership position in the satellite direct-to-cellular ("D2C") market.  In particular, throughout the Class Period, Defendants touted AST's business and financial prospects as purportedly the only established space-based cellular broadband network for mobile phones.

Defendants' assurances regarding AST's purportedly durable competitive position in the satellite D2C market came into question in September 2025, when American telecommunications company EchoStar Corporation ("EchoStar") announced that it had entered into a definitive agreement with SpaceX, an American aerospace manufacturer and space transportation company, to sell its AWS-4 and H-block spectrum licenses (the "EchoStar Transaction").  In connection with the EchoStar Transaction, SpaceX and EchoStar agreed to enter into a long-term commercial agreement, enabling EchoStar's Boost Mobile subscribers—through its cloud-native 5G core—to access SpaceX's next generation D2C service provided by its telecommunications subsidiary Starlink Services, LLC ("Starlink").

SpaceX commands a dominant position in the global aerospace and orbital launch industry, with the ability to produce and launch numerous satellites at scale.  Its subsidiary Starlink provides a broadband internet satellite constellation that accounts for roughly 54% of all active satellites in Earth's orbit, with approximately 9,821 Starlink satellites currently active in low Earth orbit.  Viewed in combination with its considerable resources, SpaceX's entry into the satellite D2C market was potentially a threat to AST's commercial aspirations.

Following the EchoStar Transaction, however, Defendants continued to assure investors and the market that AST remained in a competitive class of its own, with the Company poised to realize significant revenues and profits in the near-term.  Likewise, Defendants continuously represented that AST's capital and liquidity position was sufficient to meet its strategic and business goals at all relevant times, notwithstanding the heightened competitive pressures it faced following the EchoStar Transaction.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) AST's increasing capital requirements were likely to increase the Company's debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (ii) accordingly, Defendants had overstated the sufficiency of AST's capital and liquidity position to achieve its strategic and business goals; (iii) Defendants likewise overstated the durability of AST's competitive position in the satellite D2C market; (iv) even following the EchoStar Transaction, Defendants continued overstating AST's competitive position in the satellite D2C market; (v) AST was experiencing slow user adoption in the U.S. and Japan; (vi) the foregoing was likely to have a significant negative impact on the Company's business and financial prospects; and (vii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on September 8, 2025, when UBS issued a report downgrading AST to a "Neutral" from "Buy" recommendation, as well as cutting its price target on the Company to $43.00 from $62.00, mainly citing heightened competitive pressures related to the EchoStar Transaction, which "fortifies [Starlink's] position in the space to cellular market and increases risk for AST[] as it drives utilization on its nascent constellation[.]"

Following the release of UBS's report, AST's Class A common stock price fell $3.86 per share, or 9.47%, to close at $36.91 per share on September 9, 2025.

On October 21, 2025, AST issued a press release "announc[ing] its intent to offer . . . $850.0 million aggregate principal amount of convertible senior notes due 2036 (the 'Notes') in a private offering", and that it "intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes."  The press release disclosed that AST would use the proceeds from this offering "for general corporate purposes, including without limitation funding the deployment of AST SpaceMobile's worldwide constellation of satellites in anticipation of adding incremental strategic markets for its SpaceMobile Service."  (Emphasis added.)

Later the same day, AST issued another press release "announc[ing] the pricing of $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the 'Notes') in a private offering", noting that "[t]he size of the offering has been increased from the previously announced $850.0 million principal amount of Notes", while reiterating the same intended use for the net proceeds from the offering.

Following these disclosures, AST's Class A common stock price fell $7.26 per share, or 9.24%, to close at $71.35 per share on October 22, 2025.

On January 6, 2026, Scotiabank issued a report downgrading AST to a "Sell" recommendation, as well as its rating to "Sector Underperform" from "Sector Perform", citing, inter alia, significant competition from Starlink and "[e]vidence of slow user adoption in the U.S. and Japan[.]"

Following the release of Scotiabank's report, AST's Class A common stock price fell $11.76 per share, or 12.06%, to close at $85.73 per share on January 7, 2026.

On February 11, 2026, AST issued a press release "announc[ing] its intent to offer . . . $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the 'Notes') in a private offering", and that it "intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes."  The press release disclosed that AST intended to use the proceeds from the offering "for general corporate purposes, including without limitation, accelerating the deployment of our controlled spectrum bands on a global basis, monetizing the capabilities of our proprietary technology to capture the evolving commercial opportunities related to artificial intelligence, enhancing investment in government space opportunities in the U.S., reducing higher interest debt, and pursuing opportunistic investments to accelerate our SpaceMobile Service and capabilities."   (Emphasis added.)

The next day, AST issued another press release announcing the pricing of the foregoing offering at "an initial conversion price of approximately $116.30 per share of AST SpaceMobile's Class A common stock, which represents a premium of approximately 20% to the last reported sale price of AST SpaceMobile's Class A common stock on February 11, 2026."

Following these disclosures, AST's Class A common stock price fell $14.70 per share, or 15.17%, to close at $82.22 per share on February 12, 2026. 

Then, on July 15, 2026, AST issued a press release "announc[ing] its intent to offer" yet another "$1.0 billion aggregate principal amount of convertible senior notes due 2034 (the 'Notes') in a private offering", and that it "intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150 million aggregate principal amount of Notes."  The press release disclosed that AST intended to use the proceeds from the offering to, inter alia, "pursue an expanding universe of growth initiatives and secure additional access to orbit for its space-based cellular broadband network, including partnerships and/or acquisitions to further vertically integrate its business and mitigate risks associated with third-party launch providers."   (Emphasis added.)  The press release further disclosed that the Company "currently does not have any understandings or agreements with respect to any such strategic transactions."  (Emphasis added.)

Later the same day, AST issued another press release announcing the pricing of the foregoing offering.  Specifically, "$1.0 billion 1.625% convertible senior notes due 2034 . . . [at] an initial conversion price of approximately $79.57 per share of AST SpaceMobile's Class A common stock, which represents a premium of approximately 20.0% over the last reported sale price of AST SpaceMobile's Class A common stock on July 15, 2026", as well as "[c]apped call transactions . . . [at] an initial cap price of $149.20 per share of AST SpaceMobile's Class A common stock, which represents a premium of 125.0% over the last reported sale price of AST SpaceMobile's Class A common stock on July 15, 2026."

Following the foregoing disclosures, AST's Class A common stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com. 

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AST SpaceMobile (ASTS -7.27%) stock enjoyed a brief pop Monday, gaining 1% before resuming its fall Tuesday. Credit for the pop goes to Deutsche Bank, which upgraded the satellite communications stock to "buy" after watching AST lose 65% of its market capitalization from May to October. As of 11:55 a.m. ET today, however, AST shares are down 9% -- and down nearly 26% over the past week.

And you can blame Piper Sandler for that -- because Piper thinks Deutsche is wrong about AST SpaceMobile.

Image source: Getty Images.

What Deutsche says about AST SpaceMobileLet's start with the bull case.

Deutsche Bank analyst Bryan Kraft thinks investors have overreacted to delays in AST's launch schedule, which prevented it from assembling its constellation in time to begin offering direct-to-cell service this year. After its steep decline, argues Kraft, "all but $10" of AST's stock price is backed up by the value of the cellphone spectrum AST owns.

As for the remaining $10, Kraft argues that Space Exploration Technologies' (SPCX -3.92%) move to build a satellite-based direct-to-cell network will push telecom companies away from SpaceX, and toward partnership with AST -- boosting AST's business and making AST stock a buy.

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What Piper Sandler thinks about ASTPiper Sandler analyst Alexander Potter disagrees and downgraded AST stock to "neutral" today. Even if telcos want to partner with AST, that doesn't help if AST lacks satellites in orbit. And with Ariane, Blue Origin, and United Launch Alliance rockets all up on blocks, AST depends on SpaceX rockets to launch its satellites.

You can see the problem here.

AST SpaceMobile needs between 45 and 60 satellites to provide coverage across even just "select" markets. But it can't put them there unless SpaceX -- now its primary competitor -- permits it. That sounds more like a sell argument than a "buy" to me.

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AST SpaceMobile. The Motley Fool has a disclosure policy.

Deutsche Bank upgraded AST SpaceMobile (NASDAQ: ASTS) from “Hold” to “Buy” while maintaining its $93 ASTS stock price target. The target implies approximately 82.5% upside from the last closing price of $50.97.

The bank had previously downgraded the stock in May following a New Glenn launchpad explosion that delayed AST SpaceMobile’s launch plans, alongside concerns about its valuation.

Now, however, analyst Bryan Kraft argues that the fact that ASTS shares have fallen roughly 65% from their May all-time high has created an attractive entry point amid improving prospects and several catalysts that investors may be overlooking. 

“We are upgrading ASTS to Buy and maintaining our $93 PT. The stock is down ~65% from its all-time high in May. We had downgraded the stock in May after the New Glenn launchpad explosion that introduced a material delay in ASTS’ launch plans, combined with valuation concerns. However, we believe now is an opportune time to become more constructive…” Kraft wrote.

ASTS stock price year-to-date (YTD). Source: Google Finance
Deutsche Bank upgrades its AST SpaceMobile stock rating
Kraft’s renewed bullish outlook centers on the value of AST SpaceMobile’s spectrum holdings. Namely, the analyst estimates that spectrum accounts for all but approximately $10 per share of the company’s enterprise value. What this suggests is the market assigns relatively little additional value to its satellite-based direct-to-device (D2D) business.

Moreover, a potential shift in T-Mobile’s satellite connectivity strategy could replace Starlink with AST SpaceMobile as its D2D partner through a joint venture. Indeed, Kraft noted that T-Mobile appears to have removed some references to Starlink from its website after the announcement that AT&T, Verizon, and T-Mobile had reached a definitive agreement to establish a D2D joint venture.

“We believe it is increasingly likely that T-Mobile will switch from Starlink to ASTS as its D2D partner (through the JV). Roughly coincident with the timing of the announcement that AT&T, Verizon, and T-Mobile reached a definitive agreement to form a D2D JV on Oct. 1; T-Mobile appears to have removed many (but not all) references to Starlink from its website,” he added.

Moreover, the bank also argues that SpaceX (NASDAQ: SPCX) growing ambitions in the mobile market could push the three carriers closer to AST SpaceMobile as they seek to defend their existing businesses.

The Buy upgrade therefore rests on three factors: a lower share price, the potential for T-Mobile to switch its D2D partnership to AST SpaceMobile, and the possibility that intensifying competition from SpaceX could accelerate demand for the company’s services. 

Featured image via Shutterstock

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New York, New York--(Newsfile Corp. - October 11, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of AST SpaceMobile, Inc. (NASDAQ: ASTS) between March 4, 2025 and July 15, 2026, inclusive (the "Class Period"), of the important November 13, 2026 lead plaintiff deadline.

SO WHAT: If you purchased AST SpaceMobile securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the AST SpaceMobile class action, go to https://rosenlegal.com/cases/ast-spacemobile-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 13, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) AST SpaceMobile's increasing capital requirements were likely to increase AST SpaceMobile's debt load and share dilution with greater frequency and at greater scale than defendants had signaled to investors; (2) accordingly, defendants had overstated the sufficiency of AST SpaceMobile's capital and liquidity position to achieve AST SpaceMobile's strategic and business goals; (3) defendants likewise overstated the durability of AST SpaceMobile's competitive position in the satellite D2C market; (4) even following the EchoStar Transaction, defendants continued overstating AST SpaceMobile's competitive position in the satellite D2C market; (5) AST SpaceMobile was experiencing slow user adoption in the U.S. and Japan; (6) the foregoing was likely to have a significant negative impact on AST SpaceMobile's business and financial prospects; and (7) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the AST SpaceMobile class action, go to https://rosenlegal.com/cases/ast-spacemobile-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318381

Source: The Rosen Law Firm PA

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Shares of satellite-based wireless company AST SpaceMobile (ASTS -10.48%) sank 14.6% on Friday as of 1:36 p.m.

AST fell along with other telecom stocks today, after Space Exploration Technologies (SPCX +1.25%) announced after market close yesterday that it had agreed to purchase up to 14 megahertz in the 800 MHz band.

The move indicated SpaceX is very serious about establishing a comprehensive wireless mobile platform, not just a service for remote areas where terrestrial networks struggle to reach. Moreover, SpaceX may have hurt ASTS specifically by outbidding the company on this particular band of spectrum, which industry news outlets reported AST had been seeking.

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SpaceX out-muscles AST for low-band spectrum Yesterday, SpaceX announced it had reached an agreement to acquire up to 14 megahertz of spectrum in the 800 MHz band. According to SpaceX, the low-band spectrum "addresses one of the key remaining technical gaps that will pave the way for Starlink Mobile to become a major mobile carrier in the U.S."

Obviously, adding a fourth major telecom competitor, and one as technically savvy as Elon Musk's SpaceX, could pose a serious challenge for the "big three" wireless telecom companies. All of their stocks are down today as well. That's also a problem for AST SpaceMobile, which has agreements with Verizon (VZ -8.75%) and AT&T (T -9.81%) to provide satellite capabilities to these companies' customers. Additionally, last week, all three major telecoms announced a joint venture aimed at eliminating dead zones and improving satellite connections where terrestrial networks don't reach.

AST does have access to a robust spectrum through its own holdings and its partnerships with AT&T and Verizon; however, industry reports also revealed that AST had coveted the spectrum that SpaceX just purchased, suggesting a better-funded competitor outbid AST and may have set back AST's internal business plan.

Image source: Getty Images.

An overblown buying opportunity or sign of danger? AST is already down 63% from its all-time highs set back as recently as May, as SpaceX's June IPO and these subsequent competitive concerns have decimated AST's stock.

There are still skeptics who doubt that SpaceX will be able to build a vertically integrated wireless service, as many obstacles remain beyond the mere purchase of spectrum. Still, investors should probably expect this "overhang" on sector valuations to remain for a while, as the threat, or at least the perception of a threat, likely isn't going away.

Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AST SpaceMobile. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy.

A failed satellite launch and six straight earnings misses cut AST SpaceMobile nearly in half, but one Wall Street analyst sees a path back that most investors are overlooking.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

AST SpaceMobile (NASDAQ:ASTS) is changing hands at $63.12. The consensus analyst price target is $77.94, which puts the stock 23.5% below where analysts on average think it should be.

AST SpaceMobile is building a space-based cellular broadband network connecting BlueBird satellites directly to smartphones. It has over 60 mobile network operator partners covering over 3 billion subscribers and growing U.S. government contracts.

Roth MKM reiterated a Buy rating with a $108.00 target, indicating 71.1% upside. The stock sits 52.8% below its 52-week high of $133.86.

A Failed Launch and Six Straight Misses Cut the Stock in Half A Blue Origin rocket left the BlueBird 7 satellite in too low an orbit. Shares dropped 15% on the news, and the company recorded a $125.9M loss on involuntary conversion tied to BB7 in Q2.

Q1 revenue came in at $14.73M, missing the $36.58M consensus by 59.72%. Q2 revenue of $31.52M also missed, and GAAP EPS of -$0.77 fell short of the -$0.29 estimate. This marks 6 consecutive EPS misses. An $88.7M induced conversion expense on convertible notes kept dilution concerns alive.

The selloff was specific to AST SpaceMobile. Satellite rivals rallied, and talk of a SpaceX IPO added competition concerns from Starlink.

Roth MKM’s $108 Case Rides on a 45-Satellite Constellation Roth’s thesis: the BlueBird architecture gives AST SpaceMobile a multi-year lead over Starlink; deals with tier-1 carriers provide access to billions of subscribers without retail customer acquisition; and margins widen as launches convert the partner pipeline into revenue.

Key points: a backlog of roughly $1.3 billion, 2026 revenue guidance of $150 to $200 million weighted toward Q4, and a target of about 45 satellites in orbit by early 2027. Management expects commercial service to begin at that count and aims for close to $1 billion in revenue in the first full year of service. It has 10 launches recorded with two providers.

Funding covers near-term needs. Pro forma cash tops $3.7 billion after a $1.15 billion convertible offering at 1.625%. Three new government awards carry over $100 million in funded near-term value, and Japan’s J-LEO project could be worth up to roughly $1 billion, pending approvals. The company’s president put it simply: “Our deployment roadmap remains on track.”

Of the 14 analysts covering the stock:

Strong Buy: 1 Buy: 4 Hold: 7 Sell: 1 Strong Sell: 1 Deutsche Bank lowered its target from above $130 to $106.00. Price targets are estimates.

Satellite Rivals Rallied on Takeovers While AST SpaceMobile Slid AST SpaceMobile fell on its own. Its closest public peers became acquisition targets.

Iridium Communications (NASDAQ:IRDM | IRDM Price Prediction) is up 185.7% year to date following Rocket Lab‘s (NASDAQ:RKLB) $8 billion deal to buy it. At $49.04, it trades above its $42 average target, which indicating 14.4% downside. Analysts lean positive, with 1 Strong Buy, 3 Buys and 4 Holds, but their targets have not kept up with the price.

Globalstar (NASDAQ:GSAT) is up 37.01% year to date at $83.63. Its $90 target, which indicating 7.6% upside, matches Amazon‘s (NASDAQ:AMZN) $90 per share offer. Analysts rate it 2 Buys and 1 Hold.

AST SpaceMobile has the largest analyst-implied upside in the group. Its peers’ targets are tied to deal prices. AST remains independent, so its price depends entirely on execution.

A Double-Digit Slide During a Strong Year for Stocks At $63.12, shares sit 23.5% below the $77.94 consensus from 14 analysts. The stock is down 13.09% year to date, while the S&P 500 is up 14.26%.

Shares have started to move higher recently. They gained 6.26% over the past week, including 8.01% in the latest session. The price still sits below the 200-day moving average of $81.09. With a beta of 2.706 and a price-to-sales ratio of 197, expect large swings in either direction.

Execution Will Decide Whether $108 Is Realistic The optimistic scenario strengthens if launches resume on schedule, the constellation reaches about 45 satellites by early 2027, and Q4 revenue drives the company into its guidance range. The bear case gains weight if another launch fails, Q4-weighted revenue slips into 2027, or carrier partnerships stall before reaching commercial service.

With over $3.7 billion in cash, execution is the primary risk. The $77.94 consensus is the realistic near-term target. Roth’s $108 needs launch results that have not yet happened.

Contact [email protected] for any questions or corrections.

Washington just put AST SpaceMobile's name in a bilateral tech deal with Japan, sending shares surging while rivals barely moved. The question now is whether a billion-dollar satellite award and superpower backing can overcome the company's persistent cash burn.

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AST SpaceMobile (NASDAQ:ASTS) gained 8.38% to $63.34 in Tuesday trading. The jump came after Washington publicly backed the company’s satellite partnership with Japan’s Rakuten. Before the move, the stock had fallen 11.62% between September 8 and October 5, and it is still down 12.79% year to date.

Washington Backs the Rakuten Partnership by Name The White House science chief Michael Kratsios met Japanese minister Toshiharu Furukawa in Kyoto on October 4, 2026. The joint statement on the U.S.-Japan Technology Prosperity Deal issued after that meeting named AST SpaceMobile directly:

“Both sides welcomed Japan’s Rakuten Group and the U.S.-based AST SpaceMobile cooperation for the development and deployment of Low Earth Orbit (LEO) satellite infrastructure.”

The two governments also committed to Indo-Pacific connectivity work “through the use of government financing and assistance that mobilizes the private sector.”

Japan’s J-LEO Award Could Pay for Half of Its Satellites Japan’s communications ministry has initially selected the Rakuten joint venture for its J-LEO initiative, a deal worth up to approximately $1 billion. On the August call, President Scott Wisniewski framed the award as part of a wider trend:

“We see the J-LEO project as a real proof point for how countries, large countries, are thinking about their own infrastructure. This is infrastructure they can control and get access to.”

Management said the Japanese-flagged satellites represent “roughly half of the investment on those satellites” in capital that is “non-dilutive and non-debt.” Asked whether other countries might follow, management said: “I don’t know why a G20 country wouldn’t want this kind of capability given the price.”

That outside funding matters because the company is still burning cash. Q2 revenue came in at $31.52 million, missing expectations of $34.40 million. EPS of -$0.77 also missed the -$0.29 consensus. Pro forma liquidity tops $3.70 billion, and the company confirmed its 2026 revenue guidance of $150 million to $200 million.

Globalstar and Iridium Have Already Rallied This Year The two closest peers have far outperformed AST SpaceMobile in 2026. Globalstar (NASDAQ:GSAT) is up 36.65% year to date. Iridium Communications (NASDAQ:IRDM | IRDM Price Prediction) has rose 185.59%. On Tuesday, though, Globalstar dropped 0.16% and Iridium added 1.2%, which points to a rally specific to AST SpaceMobile.

Valuation shows how much growth investors are already expecting. AST SpaceMobile trades at 197 times trailing sales, compared with 39 for Globalstar.

Morgan Stanley’s SpaceX Call Put Space Stocks in Play Morgan Stanley (NYSE:MS) analyst Adam Jonas repeated his Outperform rating on SpaceX (NASDAQ:SPCX) with a $300 price target. He said that investors have only a few weeks to act before the next Starship test flight. SpaceX itself rose just 2%, while AST SpaceMobile posted the largest gain in the sector, 24/7 Wall St. reported.

Approvals and Satellite Launches Will Decide What Comes Next The J-LEO award still needs government approvals and final agreements. The company is aiming for about 45 satellites in orbit by early 2027, up from 13 today, and plans beta service later this year. CEO Abel Avellan said:

“Our growing commercial and government programs, expansive spectrum portfolio, and fortified balance sheet provide us with the flexibility to capture opportunities across an expanding total addressable market.”

Contact [email protected] for any questions or corrections.

AST SpaceMobile (ASTS +0.36%) went public a little over five years ago, and it has been a hot growth stock to own since then. Over the past five years, its value has risen by more than 450%.

However, since the start of this year, there's been some significant pullback as investors worry about the risk that Space Exploration Technologies Corp, better known as SpaceX, poses to its growth. Both companies are working on creating cellular networks in space, and with SpaceX being more popular and CEO Elon Musk attracting a lot of investors, AST SpaceMobile may be a less captivating investment option right now.

Its decline in value, however, makes the stock potentially more attractive to buy. Is AST SpaceMobile stock worth investing in while it's trading below $60?

Image source: Getty Images.

The company has been experiencing significant growth, and more could be on the wayAST SpaceMobile reported its latest earnings in August, and they showed incredible growth. Its revenue totaled $31.5 million, a significant increase from the prior-year period, when its top line was less than $1.2 million. The company has experienced tremendous growth, with gateway deliveries up and its business with the U.S. government taking off.

This year, the company expects to generate between $150 million and $200 million in revenue. Its revenue backlog is also fairly high at $1.3 billion. The company has agreements with 60 mobile network operators, which combined cover more than 3 billion subscribers. Partnering with MNOs is crucial for AST to expand its growth opportunities and provide cellular services.

The challenge, however, will be in getting to breakeven, as the company is incurring significant expenses amid its growth. Last quarter, its net loss totaled $230.9 million, which was a sharp increase from $99.4 million a year ago.

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AST SpaceMobile stock isn't quite at its 52-week low, which is less than $50, but it is down close to 60% from its high of nearly $134. For investors, now may be a more intriguing time to invest in the promising growth stock, as a lower price point can provide more margin of safety, compensating investors for the risk they're taking with the unprofitable business.

The company is growing significantly and has much more potential in the future. While it's by no means a risk-free investment, at nearly $23 billion in market cap, it isn't a terribly massive company. Even though it's competing with SpaceX, the industry is likely large enough for both of them to succeed.

Buying AST SpaceMobile stock could be a good move right now, but investors should be willing to hang on for the long haul and be comfortable with volatility.

, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against AST SpaceMobile, Inc. ("AST" or the "Company") (NASDAQ: ASTS) and certain officers.   The class action, filed in the United States District Court for the Western District of Texas, Midland-Odessa Division, and docketed under 26-cv-00378, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired AST securities between March 4, 2025 and July 15, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired AST securities during the Class Period, you have until November 13, 2026 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.  To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.  

[Click here for information about joining the class action]

AST, together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States ("U.S.").  The Company provides a cellular broadband network in space for direct access by smartphones for commercial use and other applications, as well as for government use.  In addition, its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage.

At all relevant times, Defendants touted AST's purportedly unique competitive advantages and leadership position in the satellite direct-to-cellular ("D2C") market.  In particular, throughout the Class Period, Defendants touted AST's business and financial prospects as purportedly the only established space-based cellular broadband network for mobile phones.

Defendants' assurances regarding AST's purportedly durable competitive position in the satellite D2C market came into question in September 2025, when American telecommunications company EchoStar Corporation ("EchoStar") announced that it had entered into a definitive agreement with SpaceX, an American aerospace manufacturer and space transportation company, to sell its AWS-4 and H-block spectrum licenses (the "EchoStar Transaction").  In connection with the EchoStar Transaction, SpaceX and EchoStar agreed to enter into a long-term commercial agreement, enabling EchoStar's Boost Mobile subscribers—through its cloud-native 5G core—to access SpaceX's next generation D2C service provided by its telecommunications subsidiary Starlink Services, LLC ("Starlink").

SpaceX commands a dominant position in the global aerospace and orbital launch industry, with the ability to produce and launch numerous satellites at scale.  Its subsidiary Starlink provides a broadband internet satellite constellation that accounts for roughly 54% of all active satellites in Earth's orbit, with approximately 9,821 Starlink satellites currently active in low Earth orbit.  Viewed in combination with its considerable resources, SpaceX's entry into the satellite D2C market was potentially a threat to AST's commercial aspirations.

Following the EchoStar Transaction, however, Defendants continued to assure investors and the market that AST remained in a competitive class of its own, with the Company poised to realize significant revenues and profits in the near-term.  Likewise, Defendants continuously represented that AST's capital and liquidity position was sufficient to meet its strategic and business goals at all relevant times, notwithstanding the heightened competitive pressures it faced following the EchoStar Transaction.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) AST's increasing capital requirements were likely to increase the Company's debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (ii) accordingly, Defendants had overstated the sufficiency of AST's capital and liquidity position to achieve its strategic and business goals; (iii) Defendants likewise overstated the durability of AST's competitive position in the satellite D2C market; (iv) even following the EchoStar Transaction, Defendants continued overstating AST's competitive position in the satellite D2C market; (v) AST was experiencing slow user adoption in the U.S. and Japan; (vi) the foregoing was likely to have a significant negative impact on the Company's business and financial prospects; and (vii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on September 8, 2025, when UBS issued a report downgrading AST to a "Neutral" from "Buy" recommendation, as well as cutting its price target on the Company to $43.00 from $62.00, mainly citing heightened competitive pressures related to the EchoStar Transaction, which "fortifies [Starlink's] position in the space to cellular market and increases risk for AST[] as it drives utilization on its nascent constellation[.]"

Following the release of UBS's report, AST's Class A common stock price fell $3.86 per share, or 9.47%, to close at $36.91 per share on September 9, 2025.

On October 21, 2025, AST issued a press release "announc[ing] its intent to offer . . . $850.0 million aggregate principal amount of convertible senior notes due 2036 (the 'Notes') in a private offering", and that it "intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes."  The press release disclosed that AST would use the proceeds from this offering "for general corporate purposes, including without limitation funding the deployment of AST SpaceMobile's worldwide constellation of satellites in anticipation of adding incremental strategic markets for its SpaceMobile Service."  (Emphasis added.)

Later the same day, AST issued another press release "announc[ing] the pricing of $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the 'Notes') in a private offering", noting that "[t]he size of the offering has been increased from the previously announced $850.0 million principal amount of Notes", while reiterating the same intended use for the net proceeds from the offering.

Following these disclosures, AST's Class A common stock price fell $7.26 per share, or 9.24%, to close at $71.35 per share on October 22, 2025.

On January 6, 2026, Scotiabank issued a report downgrading AST to a "Sell" recommendation, as well as its rating to "Sector Underperform" from "Sector Perform", citing, inter alia, significant competition from Starlink and "[e]vidence of slow user adoption in the U.S. and Japan[.]"

Following the release of Scotiabank's report, AST's Class A common stock price fell $11.76 per share, or 12.06%, to close at $85.73 per share on January 7, 2026.

On February 11, 2026, AST issued a press release "announc[ing] its intent to offer . . . $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the 'Notes') in a private offering", and that it "intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes."  The press release disclosed that AST intended to use the proceeds from the offering "for general corporate purposes, including without limitation, accelerating the deployment of our controlled spectrum bands on a global basis, monetizing the capabilities of our proprietary technology to capture the evolving commercial opportunities related to artificial intelligence, enhancing investment in government space opportunities in the U.S., reducing higher interest debt, and pursuing opportunistic investments to accelerate our SpaceMobile Service and capabilities."   (Emphasis added.)

The next day, AST issued another press release announcing the pricing of the foregoing offering at "an initial conversion price of approximately $116.30 per share of AST SpaceMobile's Class A common stock, which represents a premium of approximately 20% to the last reported sale price of AST SpaceMobile's Class A common stock on February 11, 2026."

Following these disclosures, AST's Class A common stock price fell $14.70 per share, or 15.17%, to close at $82.22 per share on February 12, 2026. 

Then, on July 15, 2026, AST issued a press release "announc[ing] its intent to offer" yet another "$1.0 billion aggregate principal amount of convertible senior notes due 2034 (the 'Notes') in a private offering", and that it "intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150 million aggregate principal amount of Notes."  The press release disclosed that AST intended to use the proceeds from the offering to, inter alia, "pursue an expanding universe of growth initiatives and secure additional access to orbit for its space-based cellular broadband network, including partnerships and/or acquisitions to further vertically integrate its business and mitigate risks associated with third-party launch providers."   (Emphasis added.)  The press release further disclosed that the Company "currently does not have any understandings or agreements with respect to any such strategic transactions."  (Emphasis added.)

Later the same day, AST issued another press release announcing the pricing of the foregoing offering.  Specifically, "$1.0 billion 1.625% convertible senior notes due 2034 . . . [at] an initial conversion price of approximately $79.57 per share of AST SpaceMobile's Class A common stock, which represents a premium of approximately 20.0% over the last reported sale price of AST SpaceMobile's Class A common stock on July 15, 2026", as well as "[c]apped call transactions . . . [at] an initial cap price of $149.20 per share of AST SpaceMobile's Class A common stock, which represents a premium of 125.0% over the last reported sale price of AST SpaceMobile's Class A common stock on July 15, 2026."

Following the foregoing disclosures, AST's Class A common stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising.  Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

Chief Operating Officer Shanti B. Gupta sold 12,000 shares of AST SpaceMobile, Inc. (ASTS +1.23%) on September 16, 2026, according to a recent SEC Form 4 filing.

Transaction summaryMetricValueTransaction value~$707,000Shares sold12,000Post-transaction shares (directly held)462,980Post-transaction value$27.44 millionTransaction value based on SEC Form 4 weighted average sale price ($58.89); post-transaction value based on September 16, 2026 market close ($59.27).

Key questionsWhat were the execution details of the transaction?
The shares were sold in multiple transactions at prices ranging from $58.87 to $58.93 per share. This weighted average execution of $58.89 occurred just below the September 16, 2026 market close of $59.27.What is the insider's remaining equity exposure?
Following the sale, Shanti Gupta maintains direct ownership of 462,980 shares of Class A Common Stock. This remaining position has a market value of $29.03 million as of the September 17, 2026 market close.How does this sale relate to the company's current valuation?
The transaction was executed with the company's market capitalization at $25.5 billion. AST SpaceMobile continues to operate its satellite-based cellular broadband network, which is designed to provide mobile internet access to remote locations without terrestrial coverage.What is the broader ownership context for the company?
Insiders collectively hold 0.15% of the company. The recent 47% one-year return reflects performance through the transaction date for the Midland-based telecommunications services provider.Company OverviewMetricValueShare Price (as of market close 2026-09-17)$62.71Market Capitalization$25.5 billionRevenue (TTM)$115.3 millionNet Income (TTM)-$618.8 millionCompany SnapshotAST SpaceMobile operates a satellite-based cellular broadband network that delivers mobile internet access directly to standard mobile phones, with primary revenue generation through its SpaceMobile service offering connectivity to underserved and remote regions globally.The company's business model centers on establishing and maintaining a proprietary satellite constellation infrastructure that enables direct-to-device cellular connectivity, generating revenue through service subscriptions and partnerships with mobile network operators seeking to expand coverage into previously unserved areas.The company targets consumers and enterprises in remote locations, maritime environments, and international markets lacking traditional terrestrial mobile coverage, as well as aviation passengers requiring in-flight connectivity solutions.AST SpaceMobile is a satellite communications infrastructure provider with a market cap of $25.5 billion, positioning itself as a transformative technology in global telecommunications connectivity. The company is in a capital-intensive growth phase, with TTM revenue of $115.3 million offset by significant net losses of $618.8 million as it scales its satellite constellation and service deployment.

The company's competitive differentiation lies in its direct-to-device satellite technology, which eliminates the need for specialized ground equipment and enables seamless integration with existing mobile devices across underserved geographies.

What this transaction means for investorsAST SpaceMobile COO Shanti Gupta's September 16 sale of company stock came after a one-year return of 47% as of his transaction date. Given the robust return, it makes sense he would dispose of some shares in this market-timed discretionary transaction, although that's little comfort to shareholders who have seen the stock plummet from a 52-week high of $133.86.

Post-disposal, Gupta retains 462,980 directly-held shares. This is a sizable equity stake, ensuring his continued alignment with shareholder interests.

AST SpaceMobile's stock has fallen since the one-year high reached in May as its revenue growth has not kept pace with its rapidly rising costs. In the second quarter, the company reported sales of $31.5 million, a strong improvement over the prior year's $1.2 million. However, its Q2 operating expenses skyrocketed to $329.1 million, leading to a massive net loss of $230.9 million compared to a $99.4 million loss in 2025.

Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AST SpaceMobile. The Motley Fool has a disclosure policy.

NEW YORK, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against AST SpaceMobile, Inc. (“AST” or the “Company”) (NASDAQ: ASTS) and certain officers. The class action, filed in the United States District Court for the Western District of Texas, Midland-Odessa Division, and docketed under 26-cv-00378, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired AST securities between March 4, 2025 and July 15, 2026, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired AST securities during the Class Period, you have until November 13, 2026 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here for information about joining the class action]

AST, together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States (“U.S.”).  The Company provides a cellular broadband network in space for direct access by smartphones for commercial use and other applications, as well as for government use.  In addition, its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage.

At all relevant times, Defendants touted AST’s purportedly unique competitive advantages and leadership position in the satellite direct-to-cellular (“D2C”) market.  In particular, throughout the Class Period, Defendants touted AST’s business and financial prospects as purportedly the only established space-based cellular broadband network for mobile phones.

Defendants’ assurances regarding AST’s purportedly durable competitive position in the satellite D2C market came into question in September 2025, when American telecommunications company EchoStar Corporation (“EchoStar”) announced that it had entered into a definitive agreement with SpaceX, an American aerospace manufacturer and space transportation company, to sell its AWS-4 and H-block spectrum licenses (the “EchoStar Transaction”).  In connection with the EchoStar Transaction, SpaceX and EchoStar agreed to enter into a long-term commercial agreement, enabling EchoStar’s Boost Mobile subscribers—through its cloud-native 5G core—to access SpaceX’s next generation D2C service provided by its telecommunications subsidiary Starlink Services, LLC (“Starlink”).

SpaceX commands a dominant position in the global aerospace and orbital launch industry, with the ability to produce and launch numerous satellites at scale.  Its subsidiary Starlink provides a broadband internet satellite constellation that accounts for roughly 54% of all active satellites in Earth’s orbit, with approximately 9,821 Starlink satellites currently active in low Earth orbit.  Viewed in combination with its considerable resources, SpaceX’s entry into the satellite D2C market was potentially a threat to AST’s commercial aspirations.

Following the EchoStar Transaction, however, Defendants continued to assure investors and the market that AST remained in a competitive class of its own, with the Company poised to realize significant revenues and profits in the near-term.  Likewise, Defendants continuously represented that AST’s capital and liquidity position was sufficient to meet its strategic and business goals at all relevant times, notwithstanding the heightened competitive pressures it faced following the EchoStar Transaction.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) AST’s increasing capital requirements were likely to increase the Company’s debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (ii) accordingly, Defendants had overstated the sufficiency of AST’s capital and liquidity position to achieve its strategic and business goals; (iii) Defendants likewise overstated the durability of AST’s competitive position in the satellite D2C market; (iv) even following the EchoStar Transaction, Defendants continued overstating AST’s competitive position in the satellite D2C market; (v) AST was experiencing slow user adoption in the U.S. and Japan; (vi) the foregoing was likely to have a significant negative impact on the Company’s business and financial prospects; and (vii) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

The truth began to emerge on September 8, 2025, when UBS issued a report downgrading AST to a “Neutral” from “Buy” recommendation, as well as cutting its price target on the Company to $43.00 from $62.00, mainly citing heightened competitive pressures related to the EchoStar Transaction, which “fortifies [Starlink’s] position in the space to cellular market and increases risk for AST[] as it drives utilization on its nascent constellation[.]”

Following the release of UBS’s report, AST’s Class A common stock price fell $3.86 per share, or 9.47%, to close at $36.91 per share on September 9, 2025.

On October 21, 2025, AST issued a press release “announc[ing] its intent to offer . . . $850.0 million aggregate principal amount of convertible senior notes due 2036 (the ‘Notes’) in a private offering”, and that it “intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes.”  The press release disclosed that AST would use the proceeds from this offering “for general corporate purposes, including without limitation funding the deployment of AST SpaceMobile’s worldwide constellation of satellites in anticipation of adding incremental strategic markets for its SpaceMobile Service.”  (Emphasis added.)

Later the same day, AST issued another press release “announc[ing] the pricing of $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the ‘Notes’) in a private offering”, noting that “[t]he size of the offering has been increased from the previously announced $850.0 million principal amount of Notes”, while reiterating the same intended use for the net proceeds from the offering.

Following these disclosures, AST’s Class A common stock price fell $7.26 per share, or 9.24%, to close at $71.35 per share on October 22, 2025.

On January 6, 2026, Scotiabank issued a report downgrading AST to a “Sell” recommendation, as well as its rating to “Sector Underperform” from “Sector Perform”, citing, inter alia, significant competition from Starlink and “[e]vidence of slow user adoption in the U.S. and Japan[.]”

Following the release of Scotiabank’s report, AST’s Class A common stock price fell $11.76 per share, or 12.06%, to close at $85.73 per share on January 7, 2026.

On February 11, 2026, AST issued a press release “announc[ing] its intent to offer . . . $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the ‘Notes’) in a private offering”, and that it “intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes.”  The press release disclosed that AST intended to use the proceeds from the offering “for general corporate purposes, including without limitation, accelerating the deployment of our controlled spectrum bands on a global basis, monetizing the capabilities of our proprietary technology to capture the evolving commercial opportunities related to artificial intelligence, enhancing investment in government space opportunities in the U.S., reducing higher interest debt, and pursuing opportunistic investments to accelerate our SpaceMobile Service and capabilities.”    (Emphasis added.)

The next day, AST issued another press release announcing the pricing of the foregoing offering at “an initial conversion price of approximately $116.30 per share of AST SpaceMobile’s Class A common stock, which represents a premium of approximately 20% to the last reported sale price of AST SpaceMobile’s Class A common stock on February 11, 2026.”

Following these disclosures, AST’s Class A common stock price fell $14.70 per share, or 15.17%, to close at $82.22 per share on February 12, 2026. 

Then, on July 15, 2026, AST issued a press release “announc[ing] its intent to offer” yet another “$1.0 billion aggregate principal amount of convertible senior notes due 2034 (the ‘Notes’) in a private offering”, and that it “intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150 million aggregate principal amount of Notes.”  The press release disclosed that AST intended to use the proceeds from the offering to, inter alia, “pursue an expanding universe of growth initiatives and secure additional access to orbit for its space-based cellular broadband network, including partnerships and/or acquisitions to further vertically integrate its business and mitigate risks associated with third-party launch providers.”    (Emphasis added.)  The press release further disclosed that the Company “currently does not have any understandings or agreements with respect to any such strategic transactions.”  (Emphasis added.)

Later the same day, AST issued another press release announcing the pricing of the foregoing offering.  Specifically, “$1.0 billion 1.625% convertible senior notes due 2034 . . . [at] an initial conversion price of approximately $79.57 per share of AST SpaceMobile’s Class A common stock, which represents a premium of approximately 20.0% over the last reported sale price of AST SpaceMobile’s Class A common stock on July 15, 2026”, as well as “[c]apped call transactions . . . [at] an initial cap price of $149.20 per share of AST SpaceMobile’s Class A common stock, which represents a premium of 125.0% over the last reported sale price of AST SpaceMobile’s Class A common stock on July 15, 2026.”

Following the foregoing disclosures, AST’s Class A common stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

NEW YORK, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against AST SpaceMobile, Inc. (“AST” or the “Company”) (NASDAQ: ASTS) and certain officers. The class action, filed in the United States District Court for the Western District of Texas, Midland-Odessa Division, and docketed under 26-cv-00378, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired AST securities between March 4, 2025 and July 15, 2026, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired AST securities during the Class Period, you have until November 13, 2026 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here for information about joining the class action]

AST, together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States (“U.S.”). The Company provides a cellular broadband network in space for direct access by smartphones for commercial use and other applications, as well as for government use. In addition, its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage.

At all relevant times, Defendants touted AST’s purportedly unique competitive advantages and leadership position in the satellite direct-to-cellular (“D2C”) market. In particular, throughout the Class Period, Defendants touted AST’s business and financial prospects as purportedly the only established space-based cellular broadband network for mobile phones.

Defendants’ assurances regarding AST’s purportedly durable competitive position in the satellite D2C market came into question in September 2025, when American telecommunications company EchoStar Corporation (“EchoStar”) announced that it had entered into a definitive agreement with SpaceX, an American aerospace manufacturer and space transportation company, to sell its AWS-4 and H-block spectrum licenses (the “EchoStar Transaction”). In connection with the EchoStar Transaction, SpaceX and EchoStar agreed to enter into a long-term commercial agreement, enabling EchoStar’s Boost Mobile subscribers—through its cloud-native 5G core—to access SpaceX’s next generation D2C service provided by its telecommunications subsidiary Starlink Services, LLC (“Starlink”).

SpaceX commands a dominant position in the global aerospace and orbital launch industry, with the ability to produce and launch numerous satellites at scale. Its subsidiary Starlink provides a broadband internet satellite constellation that accounts for roughly 54% of all active satellites in Earth’s orbit, with approximately 9,821 Starlink satellites currently active in low Earth orbit. Viewed in combination with its considerable resources, SpaceX’s entry into the satellite D2C market was potentially a threat to AST’s commercial aspirations.

Following the EchoStar Transaction, however, Defendants continued to assure investors and the market that AST remained in a competitive class of its own, with the Company poised to realize significant revenues and profits in the near-term. Likewise, Defendants continuously represented that AST’s capital and liquidity position was sufficient to meet its strategic and business goals at all relevant times, notwithstanding the heightened competitive pressures it faced following the EchoStar Transaction.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) AST’s increasing capital requirements were likely to increase the Company’s debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (ii) accordingly, Defendants had overstated the sufficiency of AST’s capital and liquidity position to achieve its strategic and business goals; (iii) Defendants likewise overstated the durability of AST’s competitive position in the satellite D2C market; (iv) even following the EchoStar Transaction, Defendants continued overstating AST’s competitive position in the satellite D2C market; (v) AST was experiencing slow user adoption in the U.S. and Japan; (vi) the foregoing was likely to have a significant negative impact on the Company’s business and financial prospects; and (vii) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

The truth began to emerge on September 8, 2025, when UBS issued a report downgrading AST to a “Neutral” from “Buy” recommendation, as well as cutting its price target on the Company to $43.00 from $62.00, mainly citing heightened competitive pressures related to the EchoStar Transaction, which “fortifies [Starlink’s] position in the space to cellular market and increases risk for AST[] as it drives utilization on its nascent constellation[.]”

Following the release of UBS’s report, AST’s Class A common stock price fell $3.86 per share, or 9.47%, to close at $36.91 per share on September 9, 2025.

On October 21, 2025, AST issued a press release “announc[ing] its intent to offer . . . $850.0 million aggregate principal amount of convertible senior notes due 2036 (the ‘Notes’) in a private offering”, and that it “intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes.” The press release disclosed that AST would use the proceeds from this offering “for general corporate purposes, including without limitation funding the deployment of AST SpaceMobile’s worldwide constellation of satellites in anticipation of adding incremental strategic markets for its SpaceMobile Service.” (Emphasis added.)

Later the same day, AST issued another press release “announc[ing] the pricing of $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the ‘Notes’) in a private offering”, noting that “[t]he size of the offering has been increased from the previously announced $850.0 million principal amount of Notes”, while reiterating the same intended use for the net proceeds from the offering.

Following these disclosures, AST’s Class A common stock price fell $7.26 per share, or 9.24%, to close at $71.35 per share on October 22, 2025.

On January 6, 2026, Scotiabank issued a report downgrading AST to a “Sell” recommendation, as well as its rating to “Sector Underperform” from “Sector Perform”, citing, inter alia, significant competition from Starlink and “[e]vidence of slow user adoption in the U.S. and Japan[.]”

Following the release of Scotiabank’s report, AST’s Class A common stock price fell $11.76 per share, or 12.06%, to close at $85.73 per share on January 7, 2026.

On February 11, 2026, AST issued a press release “announc[ing] its intent to offer . . . $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the ‘Notes’) in a private offering”, and that it “intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes.” The press release disclosed that AST intended to use the proceeds from the offering “for general corporate purposes, including without limitation, accelerating the deployment of our controlled spectrum bands on a global basis, monetizing the capabilities of our proprietary technology to capture the evolving commercial opportunities related to artificial intelligence, enhancing investment in government space opportunities in the U.S., reducing higher interest debt, and pursuing opportunistic investments to accelerate our SpaceMobile Service and capabilities.” (Emphasis added.)

The next day, AST issued another press release announcing the pricing of the foregoing offering at “an initial conversion price of approximately $116.30 per share of AST SpaceMobile’s Class A common stock, which represents a premium of approximately 20% to the last reported sale price of AST SpaceMobile’s Class A common stock on February 11, 2026.”

Following these disclosures, AST’s Class A common stock price fell $14.70 per share, or 15.17%, to close at $82.22 per share on February 12, 2026. 

Then, on July 15, 2026, AST issued a press release “announc[ing] its intent to offer” yet another “$1.0 billion aggregate principal amount of convertible senior notes due 2034 (the ‘Notes’) in a private offering”, and that it “intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150 million aggregate principal amount of Notes.” The press release disclosed that AST intended to use the proceeds from the offering to, inter alia, “pursue an expanding universe of growth initiatives and secure additional access to orbit for its space-based cellular broadband network, including partnerships and/or acquisitions to further vertically integrate its business and mitigate risks associated with third-party launch providers.” (Emphasis added.) The press release further disclosed that the Company “currently does not have any understandings or agreements with respect to any such strategic transactions.” (Emphasis added.)

Later the same day, AST issued another press release announcing the pricing of the foregoing offering. Specifically, “$1.0 billion 1.625% convertible senior notes due 2034 . . . [at] an initial conversion price of approximately $79.57 per share of AST SpaceMobile’s Class A common stock, which represents a premium of approximately 20.0% over the last reported sale price of AST SpaceMobile’s Class A common stock on July 15, 2026”, as well as “[c]apped call transactions . . . [at] an initial cap price of $149.20 per share of AST SpaceMobile’s Class A common stock, which represents a premium of 125.0% over the last reported sale price of AST SpaceMobile’s Class A common stock on July 15, 2026.”

Following the foregoing disclosures, AST’s Class A common stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.

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Few companies are growing like AST SpaceMobile (ASTS -5.60%). The space-based cellular broadband company reported second-quarter revenue of $31.5 million in August, up from just $1.2 million in the year-ago period. And management's revenue guidance for this year is $150 million to $200 million.

I predict the company triples that again by 2028, topping $500 million in revenue. That would be a sharp slowdown from last year's sixteenfold jump, from $4.4 million to $70.9 million, and a step down again from this year's guided growth, which sits at about 2.5 times 2025 revenue at the midpoint.

The market has plenty of doubt. Shares of the growth stock sit near $67 as of this writing, down about 50% from a 52-week high of $133.86.

Here's a closer look at the math -- and the step most likely to slip.

Image source: AST SpaceMobile.

The ramp so farMomentum inside 2026 points the right way. First-quarter revenue of $14.7 million more than doubled in the second quarter. Indeed, even the low end of guidance implies more than $100 million in the second half.

That said, the sales are lumpy, coming mostly from gateway equipment deliveries and U.S. government milestones. The fourth quarter of 2025 brought in $54.3 million, and the following quarter brought just $14.7 million. Growth from here depends on those government programs continuing while a second kind of revenue arrives -- recurring service revenue from wireless partners as the network switches on.

What does tripling take?Tripling from the middle of the guided range (about $175 million) means clearing $500 million in 2028. That requires about 70% annual growth, two years running.

The demand side is arguably the easy part. AST SpaceMobile's contracted revenue backlog has reached about $1.3 billion (more than six times the high end of this year's guidance). And recent months brought over $125 million of new U.S. government awards. More than 60 mobile network operators covering over 3 billion subscribers have signed on as partners, too.

Converting that demand takes satellites, though. The company says 25 satellites in operation can support noncontinuous service in selected markets, and about 45 to 60 can enable continuous coverage across the United States, Europe, and Japan. Management believes it is funded for about 90. Today, the constellation stands at 13 after six satellites launched in under 50 days this summer, and beta service with select partners is planned for later this year.

Management, notably, is aiming higher than I am. On the second-quarter earnings call, President Scott Wisniewski said the goal remains approaching $1 billion in revenue in the company's first full year of commercial service.

My call sits at about half that, on purpose. After all, that first full year depends on continuous coverage arriving on schedule, and the schedule keeps moving.

Launch timing is the weak linkIn March, the stated goal was 45 to 60 satellites in orbit by the end of 2026. By May, the target was approximately 45 satellites during 2026. By August, it was about 45 in early 2027.

In other words, in five months the top of the range disappeared and the date slid back a quarter.

A launch setback in April didn't help. The upper stage of a rocket placed the BlueBird 7 satellite into a lower-than-planned orbit, and the satellite was de-orbited.

Sure, more slips could come. But a delayed launch likely pushes revenue out a quarter or two. It doesn't erase the contracted demand.

And the balance sheet buys time, despite deeply negative free cash flow. Counting a $1.15 billion July convertible note raise, AST SpaceMobile held more than $3.7 billion of cash on a pro forma basis as of June 30.

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The spending is heavy, however, with capital expenditures on satellites and launch payments leading the way. The company used about $1.1 billion of cash across operations and investing in the first half of 2026. Separately, it booked a loss of about $126 million, net of insurance recoveries, on the lost satellite. At that pace, the cash runway is less than two years.

Ultimately, I expect AST SpaceMobile to top $500 million in revenue in 2028, even if a few satellites arrive a quarter late. The contracted backlog and the growing government business both point that way.

The stock is a separate question, and it comes down to valuation. With a market capitalization of about $26 billion, shares already trade at about 50 times the 2028 revenue I'm predicting, and about 150 times the revenue it expects this year.

Even expecting the tripling, I'd only own it as a small, speculative position.

Japan just handed a foreign satellite company something no G20 nation has ever offered before, and the telecom giant most investors are obsessing over right now has nothing to do with it.

Every retirement account in America seems to want a piece of SpaceX (NASDAQ:SPCX | SPCX Price Prediction), the freshly public Starlink parent now carrying a $2 trillion market cap after a 36.65% one-month rip. But here’s what you should actually be watching.

Crowded, Unprofitable, and Priced for Perfection SpaceX just posted $7.81B in Q2 2026 revenue and beat consensus by 14.59%, yet still reported an operating loss of $143M and a net loss of $541M. The Connectivity segment grew 66% year over year, but Starlink ARPU compressed from $85 to $66 even as subscribers doubled. That is classic late-cycle unit economics dressed up as growth.

Then there is the capital sinkhole. Capex hit $18.37B in a single quarter, with $15.83B directed at AI compute, and a $60B pending acquisition of Cursor is scheduled to close in Q3. One podcast host summed up the pivot bluntly, calling SpaceX “his AI holding company”. Retirement investors chasing a trillion-dollar rocket-and-GPU conglomerate through a post-IPO hype cycle are providing the exit liquidity.

The Sovereign Satellite Layer Nobody Is Pricing In The smarter play sits at roughly $18.68 billion in market cap: AST SpaceMobile (NASDAQ:ASTS). While Starlink chases consumer broadband and Musk chases compute, ASTS is quietly becoming the operating system for direct-to-device cellular from space. Three points make the case.

Japan Just Blessed a National BlueBird Constellation Japan’s Ministry of Internal Affairs and Communications preliminarily selected the Rakuten and AST joint venture for the J-LEO initiative, worth up to approximately $1 billion in non-dilutive, non-debt government capital. Separately, Japan filed an ITU application for a 136-satellite “J-BLUEBIRD-NGSO” architecture, with government subsidies covering as much as 50% of eligible costs and private matching pushing the program toward $2 billion. As President Scott Wisniewski put it, “I don’t know why a G20 country wouldn’t want this kind of capability given the price.” This is a template: governments finance and own AST-powered constellations while AST collects the platform economics.

BlueBird Constellation Is Actually Flying ASTS now has 13 BlueBird spacecraft in orbit with roughly 20,000 sq ft of aperture hardware deployed, launched six spacecraft in 50 days, and is producing approximately six fully assembled satellites per month. BlueBirds 14 through 16 are ready to ship, BlueBirds 17 through 46 are in production, and the target is roughly 45 satellites in orbit by early 2027. Block 2 satellites are engineered for peak data rates approaching 200 Mbps. Commercial service can begin with as little as 45 satellites.

Fortress Balance Sheet and a 3-Billion-Subscriber Rolodex Pro forma liquidity exceeds $3.70 billion following the July 2026 $1.150 billion convertible offering. Backlog sits at roughly $1.30 billion. Over 60 MNO partners cover 3+ billion subscribers, including Vodafone, Verizon, AT&T, Rakuten, and Deutsche Telekom, and $125 million in U.S. Government awards anchor a defense pipeline. Analysts carry an average target of $79.61 against a last close of $62.31.

What to Do Stop rubbernecking the SpaceX ticker and start doing the work on ASTS before Japan converts a preliminary award into a signed contract.

Contact [email protected] for any questions or corrections.

AST SpaceMobile Inc. (NASDAQ:ASTS) is down approximately 15% over the past month and fell over 2% on Tuesday, after a stretch that included second-quarter earnings and concerns over its reliance on third-party launch providers.

AST SpaceMobile stock is trending lower. Why is ASTS stock trading lower? Q2 Misses Estimates, Reaffirms FY Revenue OutlookAST SpaceMobile reported an adjusted loss of 35 cents per share on August 10, missing the consensus estimate of a loss of 28 cents, while revenue of $31.52 million also missed the $34.977 million consensus estimate. Revenue backlog increased to approximately $1.3 billion in aggregate contracted revenue spanning commercial partners and U.S. government contract awards.

The company reaffirmed its fiscal-year revenue outlook of between $150 million and $200 million, versus the $168.87 million consensus estimate.

The SpaceX Launch ConcernShares fell on August 26 after SpaceX announced structural changes to its launch operations, raising concerns given AST SpaceMobile’s dependence on third-party rockets. In a post on X, SpaceX’s VP of Launch, Kiko Dontchev, confirmed that a mission from Cape Canaveral’s Pad 40 was the last planned Falcon 9 Starlink launch from Florida, saying future Starlink missions from Florida would shift to Starship instead. AST SpaceMobile has relied primarily on Falcon 9 for its BlueBird satellite launches since a Blue Origin New Glenn rocket carrying its BlueBird 7 satellite was destroyed in a launchpad failure in late May.

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AST SpaceMobile Shares Tumble LowerASTS Price Action: At the time of publication, AST SpaceMobile shares are trading 2.96% lower at $57.35, according to data from Benzinga Pro.

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Key Takeaways AST SpaceMobile has partnerships with 60 mobile operators covering more than 3 billion subscribers.ASTS trades at 48.14X forward sales, far above the 4.98X sub-industry and 6.3X sector multiples.AST SpaceMobile had pro forma liquidity above $3.7B to support more than 100 BlueBird satellites. AST SpaceMobile, Inc. (ASTS - Free Report) offers a high-growth direct-to-device broadband story as satellite deployment, operator partnerships and commercial preparations advance.

Investors must decide whether those potential offsets outweigh a valuation far above industry and sector benchmarks while execution demands, heavy spending and losses persist.

ASTS Has a Large Commercial OpportunityAST SpaceMobile has signed partnerships with more than 60 mobile network operators covering more than 3 billion subscribers. Its network is designed to connect directly to standard, unmodified smartphones, while approximately 3,900 patent and patent-pending claims support its technology position.

That network includes AT&T Inc. (T - Free Report) , which has a definitive commercial agreement with AST SpaceMobile through 2030 for space-based broadband direct to everyday cell phones. Verizon Communications Inc. (VZ - Free Report) has also partnered with AST SpaceMobile for direct-to-cellular connectivity using 850-megahertz spectrum, underscoring carrier interest in satellite coverage that complements terrestrial networks.

AST SpaceMobile Revenue Growth Is AcceleratingThe Zacks Consensus Estimate calls for revenues of $163 million in 2026 and $682 million in 2027. Projected sales growth for the current year is 129.6%, reflecting a steep ramp from the company’s still-small revenue base.

AST SpaceMobile also reported approximately $1.3 billion in aggregate contracted revenue agreements and U.S. government awards. Management reiterated full-year 2026 revenue guidance of $150 million to $200 million, supported by gateway deliveries and government programs.

ASTS Trades at a Steep Sales MultipleASTS trades at 48.14X forward 12-month sales per share. That compares with 4.98X for the Zacks sub-industry and 6.3X for the Zacks sector, leaving the stock at a substantial premium.

Image Source: Zacks Investment Research

The multiple places considerable weight on successful constellation deployment, service activation and future revenue scaling. The valuation offers limited room for operational setbacks if commercial adoption or launch timing falls short of expectations.

AST SpaceMobile Still Must Execute at ScaleAST SpaceMobile is expanding satellite production, arranging launches, deploying gateways and integrating its network with mobile operators. It targets approximately 45 BlueBird satellites in orbit by early 2027, with about 45 to 60 satellites expected to support continuous service across key markets.

BlueBird 7 was placed into a lower-than-planned orbit and later de-orbited, leading to a $125.9 million loss on involuntary conversion in the second quarter. Additional launch problems could delay service activation and revenue realization, while operating and capital spending remain elevated.

ASTS Has Liquidity to Fund Its AmbitionsCash, cash equivalents and restricted cash totaled about $2.7 billion at June 30, 2026. A July convertible senior-note offering raised $1.15 billion of gross proceeds and lifted pro forma liquidity above $3.7 billion.

Management said that capital position can support the build-out and launch of more than 100 BlueBird satellites. The liquidity cushion reduces near-term financing pressure, but capital requirements remain substantial as manufacturing and launch activity increase.

ASTS Rating Signals Favor PatienceThe growth case is sizeable, but ASTS combines a premium valuation with demanding operational milestones and a still-unprofitable earnings profile. That mix supports patience rather than treating projected revenue growth alone as a reason to buy.

ASTS currently carries a Zacks Rank #3 (Hold), along with a VGM Score of F, Value Score of F, Growth Score of F and Momentum Score of D. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. A Hold rank can support maintaining an existing position, while the weak Style Scores indicate less favorable value, growth and momentum characteristics than higher-scoring stocks. The readings support a measured approach while investors watch execution and commercialization progress.

SpaceX (NASDAQ:SPCX | SPCX Price Prediction) stock is down 3% to $133.48 in early Monday trading, extending a slide that has surprised bulls counting on federal launch policy to lift the group. The pullback comes even as President Trump signed a memo directing agencies to target at least 1,000 launches and re-entries annually by 2030.

Also trading lower, Rocket Lab (NASDAQ:RKLB) stock is off 2% to $71.22, and AST SpaceMobile (NASDAQ:ASTS) stock is down 3% to $66.85. Rocket Lab stock was up 75% over the past year through Friday’s close, so a modest cooldown fits a stretched tape running into a critical hardware milestone.

Notably, the selling looks concentrated in the pure-play names. The Procure Space ETF (NASDAQ:UFO) is down just 0.4% to $45.75, a small move that shows broader satellite, defense, and connectivity components are holding the sector together while launch equities take the hit.

Trump’s Launch Memo Meets a Sell-the-News Tape President Donald Trump signed a memo Thursday directing federal agencies to target at least 1,000 launches and re-entries annually by 2030, per Reuters. Last year’s total was 178 launches, framing the order as a dramatic scale-up rather than an incremental push. The memo directs agencies to identify federal land for new launch and re-entry sites, name a new federal re-entry site within 90 days, expedite permitting, speed environmental reviews, and secure wireless spectrum.

White House Office of Science and Technology Policy Director Michael Kratsios called it a commercial-first approach. The angle bulls expected was a straight-line bid for launch and satellite equities. However, the market is pricing execution schedule over demand, and the 2030 target sits well beyond the near-term catalysts investors care about today.

Neutron Timing Is the Real Story for Rocket Lab Rocket Lab CFO Adam Spice said a successful Neutron test launch would flip the company meaningfully adjusted EBITDA positive the following quarter, stating “The path to positive EBITDA is very clear. It’s really getting that first Neutron launch off.” CEO Peter Beck cautioned that “the window for an end-of-year launch is narrowing,” with Neutron still targeted for fourth-quarter pad delivery.

Rocket Lab stock fell for a fourth consecutive session Friday, and Stocktwits retail sentiment flipped to bearish from bullish a week earlier. Meanwhile, Rocket Lab completed Electron’s 93rd flight last week, was selected by Viasat for its Lightning-GEO anti-jam Space Force communications satellite, and joined the $981 million-ceiling NITE-STAR program. None of that changes the calendar risk on Neutron, which is the event investors are actually trading around.

Peers Slip While the Sector ETF Holds Its Ground Intuitive Machines (NASDAQ:LUNR) stock is down 2% to $17.93, cooling after a strong August run tied to lunar contract wins. At the same time, Planet Labs (NYSE:PL) stock is off 2% to $21.94 despite recent momentum in its Earth-imaging business.

Virgin Galactic (NYSE:SPCE) stock is down 0.7% to $3.05, a smaller move that reflects its minimal exposure to the launch cadence trade after the company delayed its first commercial spaceflight to February 2027. SpaceX itself completed two Starlink missions over the weekend, including a Falcon 9 from Vandenberg Space Force Base carrying 27 Starlink satellites, and is preparing its 14th Starship test. SpaceX carried out 170 launches in 2025, illustrating how large the gap is between current industry throughput and the new 1,000-launch target.

What Investors Should Watch Next The setup is a policy tailwind that doesn’t take effect for years running into a hardware schedule that matters this quarter. Investors should consider keeping their position sizes modest in the pure-play launch names until Neutron’s test window firms up, since a slip into 2027 would delay Rocket Lab’s cash-flow inflection and pressure a stock trading at 60.33 times sales.

Investors can watch for Neutron pad-delivery confirmation from Rocket Lab and any near-term federal re-entry site designation, both of which would put real dates behind the launch memo. Traders may want to keep an eye on whether SpaceX stock reclaims its recent range or continues to unwind post-IPO enthusiasm as retail sentiment cools across the launch complex.

Contact [email protected] for any questions or corrections.

AST SpaceMobile, Inc. (NASDAQ:ASTS) is getting closer to turning its satellite network into a commercial business, and Space Exploration Technologies Corp. (NASDAQ:SPCX) is helping put the pieces in orbit.

SpaceX has now launched six of AST SpaceMobile’s BlueBird satellites this year, including BlueBirds 8–10 in June and BlueBirds 11–13 on Aug. 5. The latest Falcon 9 mission brought AST SpaceMobile’s total BlueBird count in orbit to 13.

For AST SpaceMobile, those launches are part of a much bigger race: building enough of its constellation to begin commercial service and move toward a revenue target of nearly $1 billion.

"We still, nothing’s changed on our expectation and our goal of reaching approaching a billion of revenue in our first year of commercial service," Chief Strategy Officer Scott Wisniewski said during the company’s second-quarter earnings call.

The Satellite Count MattersAST SpaceMobile is targeting approximately 45 BlueBird satellites in orbit by early 2027, with BlueBirds 14 through 16 ready to ship and satellites 17 through 46 already in various stages of production and assembly.

The company says it is ramping toward a production cadence of six fully assembled satellites per month, while its broader plan calls for eventually deploying more than 100 BlueBird satellites for worldwide SpaceMobile service.

That makes launch capacity just as important as manufacturing capacity. AST SpaceMobile has said it wants additional access to orbit and is pursuing partnerships or acquisitions to reduce the risks associated with relying on third-party launch providers.

SpaceX is already part of that launch infrastructure. Its Falcon 9 rockets carried BlueBirds 8–10 and 11–13 into orbit this year.

Read Next

$1 Billion Would Come From More Than PhonesGetting satellites into orbit is only the first step. AST SpaceMobile expects its first full year of commercial service to combine government revenue, infrastructure sales and consumer connectivity.

Wisniewski said government could contribute "probably as much as half" of the first-year revenue target, with infrastructure revenue continuing alongside the ramp of commercial service.

The company is already expanding beyond direct-to-device connectivity. Management sees potential "multi-billion-dollar annual-plus revenue opportunities" across government and defense applications, including radar, secure communications, emergency response, IoT and space-based AI edge computing.

That broader opportunity is important because AST SpaceMobile isn’t simply trying to sell satellite phone coverage. It is trying to build a platform that can support multiple businesses on the same space infrastructure.

For investors, the next milestone is therefore not simply another successful SpaceX launch. It is whether AST SpaceMobile can turn a growing BlueBird constellation into commercial service — and eventually into the nearly $1 billion annual revenue run rate management still expects.

SpaceX can help get the satellites there. AST SpaceMobile still has to turn them into a business.

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AST SpaceMobile Inc (NASDAQ:ASTS) reported a wider-than-expected adjusted loss and revenue below analyst estimates for the second quarter, while the company reaffirmed its full-year 2026 revenue guidance and continued to expand its satellite network.

The company reported an adjusted loss of $0.77 per share for the quarter ended June 30, compared with analyst estimates for a loss of about $0.26 to $0.32 per share.

Revenue rose to $31.5 million from about $15.8 million in the first quarter, but came in below expectations of roughly $35 million.

AST SpaceMobile attributed second-quarter revenue to gateway deliveries and milestones met under US government programs.

Total operating expenses were $329.1 million in the quarter, up $165 million from $164.1 million in the first quarter. The increase included a $125.9 million loss on involuntary conversion, along with higher general and administrative costs, cost of revenues, engineering services costs, depreciation and amortization, and research and development costs.

Adjusted operating expenses increased to $119.1 million from $91.2 million in the first quarter. Excluding adjusted cost of revenues, adjusted operating expenses were $95.9 million, compared with $79.8 million in the prior quarter.

AST SpaceMobile reaffirmed its full-year 2026 revenue guidance of $150 million to $200 million.

The company said it has signed partnerships with more than 60 mobile network operators globally, collectively covering more than 3 billion subscribers.

Its revenue backlog has increased to approximately $1.30 billion in aggregate contracted revenue with commercial partners and contract awards with the US government.

AST SpaceMobile also said it had 13 spacecraft in orbit following the recent launch of BlueBirds 11, 12 and 13. The company said BlueBirds 14, 15 and 16 are being prepared for shipment, with production continuing through BlueBird 46.

The company said it is preparing to initiate beta services with select strategic partners as it expands its constellation.

Shares of AST SpaceMobile traded up 1.5% post-earnings.

AST SpaceMobile’s Latest BlueBird Launch Raises the Stakes Ahead of Q2 EarningsAST SpaceMobile NASDAQ: ASTS reported second-quarter 2026 revenue of $31.5 million and reiterated its full-year revenue guidance of $150 million to $200 million, as the company continued to build satellites, deploy mobile-network infrastructure and pursue government applications for its space-based cellular broadband network.

The company said quarterly revenue more than doubled from the first quarter, driven primarily by commercial gateway deliveries and milestone achievements under U.S. government contracts. President Scott Wisniewski said AST delivered against 13 gateways for seven customers across five continents during the quarter.

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AST SpaceMobile Sets Launch Date Ahead of Key Q2 Earnings TestManagement said it expects revenue to increase sequentially through 2026, though CFO and Chief Legal Officer Andy Johnson said results will likely be weighted toward the fourth quarter because of the timing of equipment sales, contract awards and government milestones.

Satellite deployment and manufacturing plans Chairman and CEO Abel Avellan said BlueBird 14 through 16 were in final testing and nearing completion, while BlueBird 17 through 46 were in various stages of production and assembly. Johnson said BlueBird 14 through 16 were expected to be ready to ship shortly.

Amazon’s Satellite Push Raises the Stakes for SpaceX and AST SpaceMobileAST SpaceMobile is targeting approximately 45 BlueBird satellites in orbit by early 2027, which management said could enable continuous service across key markets including the U.S., Europe and Japan. The company also said it expects to begin consumer-focused beta capabilities later in 2026, though the timing and structure of any customer rollout will be determined with carrier partners.

The company is aiming for a manufacturing cadence of six fully assembled satellites per month. Avellan said AST currently has more than 500,000 square feet of manufacturing and operations space globally and recently announced plans for an additional 400,000-square-foot facility in Midland, Texas. Once completed, the company expects its global manufacturing and operations footprint to exceed 1 million square feet, including more than 900,000 square feet in the U.S.

Wisniewski said the company has 10 launches booked with two launch providers, excluding Blue Origin, and is targeting an average launch cadence of roughly every month or two. He said AST was not relying on Blue Origin in its current planning assumptions, despite the provider’s progress in addressing a prior launch anomaly.

Johnson reiterated AST’s estimated average capital cost of $21 million to $23 million per satellite for a constellation of more than 90 BlueBird satellites. That estimate includes direct materials, labor and launch costs, excluding certain initial satellites used for validation.

Commercial partners, spectrum and network infrastructure AST said its mobile network operator ecosystem has grown to more than 60 partners serving more than 3 billion subscribers collectively. Its named partners include AT&T, Verizon, Vodafone, Rakuten, stc Group, Bell Canada and Telus.

Avellan said the company’s network is designed to extend existing terrestrial cellular networks rather than compete with mobile operators. AST is preparing for beta service in selected markets and said it has roughly 50 gateways globally in various stages of completion, installation and planning.

In the U.S., AST said it has deployed more than 3,000 low-band cellular cells and expects to deploy the remaining infrastructure needed to cover roughly 5,600 cellular cells nationwide during 2026.

Management also emphasized its spectrum position. Avellan said AST’s satellite technology can tune approximately 1,150 megahertz of low-band and mid-band spectrum globally, with C-band capability planned for the future. The company said it is working toward about 100 megahertz of spectrum access in the U.S. through a combination of partner-provided spectrum and spectrum it controls.

During the analyst question session, Avellan said the company’s current “Micron” satellite systems are focused on low-band capabilities, while production of mid-band capability is expected to begin later in 2026 for launches beginning early in 2027. He said the company is developing a third-generation ASIC architecture incorporating L-band, mobile satellite service spectrum, mid-band and C-band capabilities, while continuing to use different phased arrays for separate spectrum blocks.

Government backlog and expanded applications AST reported an approximately $1.3 billion revenue backlog consisting of aggregated contracted revenue, partner agreements and U.S. government contract awards. Wisniewski said government represented a minority of the total backlog, although recent additions were primarily government-related.

The company said it received three U.S. government contract awards with funded near-term value of more than $100 million expected during 2026 and 2027. Wisniewski said AST expects the government opportunity to scale into what he described as a recurring multibillion-dollar annual opportunity beginning in 2027, though the company did not provide further details on the awards.

Management highlighted applications beyond direct-to-device communications, including radar, secure communications, emergency response, Internet of Things services and AI edge computing. Avellan said radar applications in the U.S. use government spectrum and rely on the company’s large phased-array antennas and satellite sensitivity.

AST also discussed a preliminary selection tied to Japan’s low-Earth-orbit satellite infrastructure development project, or J-LEO. The company said the project, subject to government approvals and final agreements with Rakuten, could provide up to approximately $1 billion in non-dilutive, non-debt government capital. Avellan said Japanese-flagged satellites would use the same architecture as the broader constellation and could be deployed globally.

Spending and liquidity Non-GAAP adjusted operating expenses totaled $119.1 million in the second quarter, up from $91.2 million in the first quarter. Excluding adjusted cost of revenues, expenses were $95.9 million, near the high end of the company’s prior $85 million to $95 million guidance range.

Capital expenditures were approximately $610 million, compared with $257 million in the first quarter, largely reflecting launch-contract payments and satellite materials and labor. For the third quarter, AST forecast adjusted operating expenses excluding cost of revenue of $105 million to $115 million and capital expenditures of $350 million to $425 million.

In July, AST completed a $1.15 billion convertible senior notes offering due in 2034, carrying a 1.625% coupon. Johnson said that, including the offering’s gross proceeds, cash, cash equivalents and restricted cash totaled more than $3.7 billion on a pro forma basis as of June 30.

About AST SpaceMobile (NASDAQ:ASTS)AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company's core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Key Takeaways ASTS is testing satellite-based mobile service across Europe with major operators.AST SpaceMobile's new satellites target peak data speeds of nearly 200 Mbps, up from 98.9 Mbps.ASTS is integrating satellites with mobile networks to extend coverage in remote areas. AST SpaceMobile (ASTS - Free Report) is expanding its satellite-based mobile services across Europe, with testing underway in several countries alongside major operators, including Vodafone, Orange, Telefónica, Deutsche Telekom and Vodafone Ukraine. The company aims to connect regular smartphones directly to its satellites and extend mobile coverage without requiring special equipment.

AST SpaceMobile plans to strengthen its European footprint by integrating its satellites with existing mobile infrastructure through standard 3GPP technology. Gateway infrastructure developed through its European joint venture with Vodafone will support connections between satellites and ground mobile networks, helping operators extend coverage to remote and underserved areas across the region.

Globally, the company is working with nearly 60 mobile operators serving more than three billion subscribers. It recently launched the BlueBird 11, 12 and 13 satellites to expand its network. The new satellites feature the largest communications arrays ever deployed in low Earth orbit and are designed to deliver peak data speeds of nearly 200 Mbps compared with the 98.9 Mbps achieved in earlier tests.

As its European integration efforts progress, AST SpaceMobile is positioning satellite connectivity as an extension of traditional mobile networks, with the potential to improve coverage and network resilience for consumers, businesses, emergency responders and government users.

How Are Other Competitors Performing?AST SpaceMobile faces competition from Globalstar, Inc. (GSAT - Free Report) and Viasat, Inc. (VSAT - Free Report) . Globalstar provides satellite communication services for government and defense users. Its LEO satellite network helps maintain connectivity in remote areas where traditional networks may be unavailable or unreliable. The company supports data transmission, asset tracking and other communication needs for critical operations.

Viasat is advancing its satellite communication business through a United States Space Force contract to develop a resilient satellite system for protected military communications. The company is developing multi-orbit connectivity solutions for defense aircraft, allowing them to access different satellite networks. Viasat launched Tactical Mission Fabric, a service that combines satellite, 5G and other networks to provide reliable communications for military operations.

ASTS’ Price Performance, Valuation and EstimatesAST SpaceMobile shares have gained 56.7% over the past year compared with the industry’s growth of 32.8%.

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From a valuation standpoint, AST SpaceMobile trades at a forward price-to-sales ratio of 56.85, well above the industry average of 4.89.

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Earnings estimates for 2026 have declined 1.4% to a loss of $1.38 per share over the past 60 days, while the same for 2027 has decreased 10.5% to a loss of 42 cents per share.

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AST SpaceMobile currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.