AST SpaceMobile (ASTS) Climbs 6.6% Ahead of Next-Gen Satellite Launch

AST SpaceMobile rebounded by 6.58 percent connected Thursday to adjacent astatine $65.93 apiece arsenic investors repositioned their portfolios up of the upcoming motorboat of its next-generation satellite.

On Sunday, December 21, AST SpaceMobile, Inc. (NASDAQ:ASTS) is acceptable to motorboat its BlueBird 6 satellite, its next-generation model, which aims to alteration ubiquitous cellular broadband sum from abstraction straight to mobile phones.

The BlueBird 6 was primitively scheduled connected December 15 but was aboriginal pushed backmost owed to a method glitch.

Compared with the earlier generations, AST SpaceMobile, Inc. (NASDAQ:ASTS) said that the BlueBird 6 would diagnostic the largest commercialized phased array successful debased Earth orbit astatine astir 2,400 quadrate feet, representing a 3.5 times summation successful size implicit the archetypal to 5th generations, and supports 10 times the information capacity.

The institution is besides readying to ramp up the accumulation of the next-generation satellite, with the enlargement of its manufacturing sites successful Florida and Texas.

Sunday’s motorboat would people the archetypal of six planned launches until March 2026.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.