AST SpaceMobile, Inc. Class A (ASTS)

Over the past six months, AST SpaceMobile's stock price has experienced significant fluctuations and a notable overall increase. The stock saw a substantial rise of 53.12% in the month leading up to February 7, 2026, and an impressive 449.46% increase over the last year. As of February 6, 2026, the stock closed at $101.79, having reached an all-time high of $122.09 on January 29, 2026. The company reported earnings of -$0.45 per share for the last quarter, missing analyst estimates of -$0.21, resulting in a -115.8% surprise. Revenue for the quarter was $14.74 million, below analyst estimates of $22.04 million, though it represented a 1236.4% increase compared to the same quarter last year. Over the past six months, several analysts have adjusted their ratings and price targets. In January 2026, AST SpaceMobile was awarded a contract for the U.S. Missile Defense Agency's Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) initiative, which positively impacted the stock. The announcement of the BlueBird 7 mission, scheduled for late February 2026, and the goal of having 45-60 satellites in orbit by the end of the year, also contributed to positive market sentiment. News of a new competitive satellite launch by Jeff Bezos's Blue Origin briefly caused a pullback in the stock in January 2026. In November 2025, the company announced the addition of two new manufacturing sites in Texas and Florida to accelerate BlueBird production, signaling preparation for commercial deployment at scale. In November 2025, AST SpaceMobile secured launch services agreements for up to approximately 60 Block 2 satellites with Blue Origin's New Glenn rocket and other existing launch vehicles, aiming for continuous service coverage in key global markets. Significant insider selling has been reported, with one major shareholder selling a large portion of its position and insiders net selling shares in the last 90 days.

The demand for AST SpaceMobile's products and services does not exhibit traditional seasonal fluctuations. Instead, the demand is primarily driven by the pervasive need to eliminate connectivity gaps for the world's nearly 6 billion mobile subscribers and to bring broadband to billions who remain unconnected. The company's strategy for deploying its satellite constellation is demand-based, meaning the expansion of its service and the launch of additional satellites will be responsive to market needs and the establishment of commercial agreements with mobile network operators. The fundamental demand for ubiquitous mobile connectivity is constant, and AST SpaceMobile aims to address this unmet need globally, regardless of seasonal cycles.

AST SpaceMobile, Inc. aims to establish a space-based cellular broadband network connecting directly with standard mobile devices, operating in the Telecommunications Service Providers and Communication Services sectors, specifically Aerospace and Defense and Wireless Equipment. The company designs and manufactures satellites to create a cellular broadband network in space, aiming to eliminate connectivity gaps for mobile subscribers globally. Its major products and services revolve around the SpaceMobile Service, engineered to deliver cost-effective, high-speed cellular broadband to end-users outside terrestrial cellular coverage, utilizing existing mobile phones. Key to this service are its BlueBird satellites and the BlueWalker 3 prototype, which feature large phased-array antennas designed to provide 4G and 5G broadband coverage. The company's technology roadmap includes a series of demonstration satellites under the BlueWalker program to validate its large aperture antenna technology and its ability to hand off traffic with terrestrial mobile network operators.

AST SpaceMobile's corporate headquarters are located in Midland, Texas. The company has a significant manufacturing presence in the U.S., with five facilities in Texas, including a new site in Midland where it builds its BlueBird satellites. Additionally, AST SpaceMobile has expanded its manufacturing operations with a facility in Homestead, Florida, and also maintains a location in Maryland. The company is highly vertically integrated, with approximately 95% of its manufacturing processes controlled within the U.S.

In the past year, AST SpaceMobile's brand reputation has been shaped by its technological advancements, strategic partnerships, and market performance. The company has forged significant partnerships with major telecommunication companies like AT&T and Verizon to provide broadband coverage to their customers. A partnership with Google was also announced in January 2024 to collaborate on product development, testing, and implementation plans for satellite connectivity to Android smartphones. The award of a contract from the U.S. Missile Defense Agency's SHIELD initiative in January 2026 highlights the versatility of AST SpaceMobile's platform and opens a new revenue stream from the defense sector. Successful tests, such as the world's first space-based two-way telephone call with unmodified smartphones using the BlueWalker 3 satellite in April 2023, have bolstered the company's image as a technological leader. Missing analyst estimates for EPS and revenue in recent quarters, coupled with negative net margins, could raise concerns about the company's financial execution and profitability. A "Pomerantz investigation" was launched, which typically involves examining potential securities fraud, and could negatively affect the company's reputation. The emergence of competing satellite launches, such as those by Jeff Bezos's Blue Origin, introduces competitive pressure and could influence market perception.

AST SpaceMobile, Inc. has a substantial institutional ownership base, with 686 institutional owners and shareholders holding a total of 153,141,904 shares as of February 5, 2026. Major institutional owners include Rakuten, Inc., Vanguard Group Inc, BlackRock, Inc., Susquehanna International Group, Llp, Alphabet Inc., UBS Group AG, Citadel Advisors Llc, and Geode Capital Management, Llc. Key individual owners and insiders include Abel Antonio Avellan (Chief Executive Officer), Hiroshi Mikitani (Director, 10% Owner), Vodafone Ventures Ltd (10% Owner), Gustavo A. Cisneros (10% Owner), AT&T Inc. (Member of 10% owner group), Gary P. Smith (10% Owner), New Providence Management LLC (10% Owner), Thomas E. Severson Jr. (Chief Fin. & Operating Officer), and American Tower Corp (Member of 10% owner group).