Advertisement|Remove ads.

AST SpaceMobile (ASTS) stock gained overnight on Monday as the company moved another group of its BlueBird satellites closer to launch, inching closer towards its effort to build a space-based cellular broadband network for standard smartphones.
The Texas-based satellite communications company shared updates on X, where it confirmed that BlueBirds 8 and 10 had already arrived at Cape Canaveral while BlueBird 9 departed the firm’s Texas production facilities.
The satellites, manufactured in Midland, Texas, are expected to launch aboard a SpaceX Falcon 9 rocket during a planned mid-June mission.
The company said the three Block 2 satellites have now entered final processing and integration at the Florida launch site after being transported from Texas.
The update comes weeks after investors worried that problems with the BlueBird 7 satellite could delay AST SpaceMobile’s larger rollout plans. The satellite was placed into the wrong orbit during an April launch by Amazon’s Blue Origin, raising concerns about the company’s timeline.
By successfully moving three commercial satellites to Cape Canaveral on schedule, AST SpaceMobile looks to reassure investors that its manufacturing and launch pipeline remains intact.
AST SpaceMobile stock traded nearly 6% higher overnight ahead of Tuesday.
AST SpaceMobile is developing satellites capable of connecting directly with ordinary mobile devices without requiring specialized hardware. The company has also secured regulatory approval from the Federal Communications Commission (FCC) for commercial satellite-to-phone operations in the United States.
Partnerships with major wireless carriers are helping strengthen AST SpaceMobile’s position in the market. Companies including AT&T, Verizon, and T-Mobile have backed the company’s satellite-to-smartphone connectivity plans.
On Stocktwits, retail sentiment around the stock remained in ‘bullish’ territory, with over an 80% jump in message volume in 24 hours.
A user said, “I believe we get a launch date posted this week. That will be an additional Catalyst. This will be a great week for the Mob.”
Another user said, “Nice to see us back on track after our recent derailing. Onwards and upwards from here on out.”
A third user taunted the shorts, saying, “Not only will shorts be covering, those that scalped for a few bucks on Friday will now be buying back higher!”
ASTS stock has gained over 45% year-to-date.
Also See: RACE Stock Slips: Ferrari's New EV Supercar Luce Fails To Impress Retail Traders
For updates and corrections, email newsroom[at]stocktwits[dot]com.