AST SpaceMobile (ASTS) Takes Off on Strong Investor Optimism

We recently published 10 Big Names With Surprising Gains. AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the top performers of Monday.

AST SpaceMobile grew its share prices by as much as 9 percent on Monday before paring gains to end the day at $50.01 apiece as investor sentiment continued to be bolstered by plans to launch 60 satellites next year.

Last week, AST SpaceMobile, Inc. (NASDAQ:ASTS) confirmed its fully-funded plan to deploy 45 to 60 satellites into orbit by 2026, saying that it would support continuous service in the US, Europe, Japan, and other strategic markets, including the US Government.

Photo by SpaceX on Unsplash

“We also have planned orbital launches every one to two months on average during 2025 and 2026,” he added.

Additionally, AST SpaceMobile, Inc. (NASDAQ:ASTS) is planning to deploy nationwide intermittent service in the US by the end of the year, followed by the UK, Japan, and Canada in the first quarter next year. This, alone, is expected to rake in revenues between $50 million and $75 million from government and commercial customers in the second half of the year.

In the second quarter, AST SpaceMobile, Inc. (NASDAQ:ASTS) widened its net loss attributable to shareholders by 37 percent to $99.4 million from $72.5 million in the same period last year, despite revenues growing by 28 percent to $1.156 billion from $900 million year-on-year.