The Latest Breaking News from ASTS

The Federal Reserve’s hawkish stance and growing recession odds have been fostering immense market volatility of late. Moreover, September job gains almost affirm the Fed’s aggressive rate hike in the upcoming meeting. Given a highly volatile market backdrop, we think it could be wise to avoid fundamentally weak, high-volatility stocks…

Tech stocks have suffered a brutal sell-off due to the aggressive interest rate hikes since the beginning of the year. However, the tech industry is expected to grow significantly in the long run, owing to the continued digital transformation. Therefore, investors interested in investing in tech may look to buy…

AST SpaceMobile Inc (NASDAQ:ASTS) has entered a non-binding memorandum of understanding with Orange SA (NYSE:ORAN). The companies will examine the opportunity for Orange to test the SpaceMobile service in one African country, following AST SpaceMobile's planned launch of BlueWalker 3. BlueWalker 3 is ASTS's test satellite with an aperture of 693 square feet, designed to…

Space stocks continue to underperform the broader market, given the industry’s bleak near-term prospects. Therefore, amid the current, highly volatile market conditions, we think it could be wise to avoid fundamentally weak space stocks Virgin Galactic (SPCE), AST SpaceMobile (ASTS), Astra Space (ASTR), and Redwire (RDW). Read on to learn…