What Happened
Space-Based Cellular Broadband Network Expands Government Opportunities
AST SpaceMobile is seeking an extension from the FCC to continue testing its low Earth orbit satellite connectivity using the 800 MHz spectrum. The company has also received support from the Space Development Agency for its 902-928 MHz testing application, which may advance an important national security objective. With a goal of deploying 45 BlueBird satellites by early 2027, AST SpaceMobile faces risks in meeting its short-term deployment goals. The company’s stock has seen an 11% increase since the start of September, despite a severe Q2 earnings miss. This development was first reported by MarketBeat.