The Latest Breaking News from SpaceMobile

AST SpaceMobile's recent strategic wins, from a major spectrum deal to new global partnerships, signal a key inflection point for its ambitious growth plans.

AST SpaceMobile's satellite technology hopes to revolutionize cell communication. Shares of the SpaceX partner have rocketed this year.

Orange (NYSE:ORAN) does not plan to sell its physical telecoms network, Reuters reports. CFO Ramon Fernandez denied news of Orange exploring the sale of its 734,000 kilometers of underground lines and its 15 million telephone poles worth €8 billion to an infrastructure fund. Orange recently collaborated with AST SpaceMobile to examine the opportunity for…

Surging inflation, worries over the Fed’s aggressive interest rate hikes, and an escalating Russia-Ukraine war have contributed to heightened market volatility and exacerbated a sell-off in satellite stocks over the past few months. So, we think it could be wise to avoid the overvalued stocks of satellite companies Globalstar (GSAT)…

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…

AST SpaceMobile Inc (NASDAQ: ASTS) is trading higher Wednesday after the company announced it signed a multi-launch agreement with SpaceX for planned direct-to-cell phone connectivity. 

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…