Advertisement|Remove ads.
AST SpaceMobile Inc. (ASTS) stock soared over 13% on Thursday to hit an all-time high before paring some of the gains. The stock was among the top trending tickers on Stocktwits.
On Thursday, AST SpaceMobile announced that it had successfully made Canada’s first-ever space-based 4G VoLTE voice call, broadband data connection, and video streaming using everyday smartphones in partnership with Bell Canada.
“With rollout planned for 2026, the successful demonstration in New Brunswick brings us closer to delivering reliable, high-speed mobile broadband for Canadians everywhere, even in the hardest-to-reach areas,” AST SpaceMobile said in a post on X.
Meanwhile, the company announced on Tuesday that it had successfully completed the final assembly and testing of its first next-generation Block 2 satellite, Bluebird 6. AST SpaceMobile stated that the satellite is now ready for its first flight, which will be aboard an Antonov cargo aircraft to India.
Retail sentiment on Stocktwits around the company trended in the ‘extremely bullish’ territory.
In its announcement, Bell Canada stated that space-based cellular connectivity service will help the company provide vital emergency response services and help bridge the gap between its terrestrial networks and Canada's most geographically challenging areas.
It added that the successful space-based direct-to-cell connectivity demonstration lays the groundwork for the company’s planned deployment of low-Earth-orbit direct-to-cell service in 2026.
On Wednesday, analysts at Barclays hiked their price target for AST SpaceMobile to $60 from $37 while maintaining an ‘Overweight’ rating, according to TheFly. The firm stated that while T-Mobile US Inc. (TMUS) and SpaceX’s Starlink offer text-only service for $10 a month, AST SpaceMobile could launch its competing service at a higher price point. The note stated AST SpaceMobile’s services are richer, thanks to support for text, calls, and broadband.
ASTS stock is up 201% year-to-date and 166% in the last 12 months.
Also See: APLD Stock Surges To Nearly 4-Year High Ahead Of Q1 Results
For updates and corrections, email newsroom[at]stocktwits[dot]com.