What's Going On With AST SpaceMobile Stock Monday?
Portfolio Pulse from Dylan Berman
AST SpaceMobile (NASDAQ:ASTS) shares are rising after the company received FCC approval to launch its first five commercial BlueBird satellites. This regulatory milestone allows AST SpaceMobile to use V, S, and UHF frequencies for satellite operations, aiming for nationwide coverage in the U.S. The company has completed manufacturing and testing the satellites, with a launch planned for September.
August 05, 2024 | 2:52 pm
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AST SpaceMobile shares are up 4.81% after receiving FCC approval to launch its first five BlueBird satellites. This regulatory milestone allows the company to use V, S, and UHF frequencies for satellite operations, targeting nationwide U.S. coverage.
The FCC approval is a significant regulatory milestone that enables AST SpaceMobile to proceed with its satellite launch plans, which is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100