What Happened
Investors React To Executive Severance Policy And Constellation Expansion
AST SpaceMobile’s stock is trading higher on Wednesday as investors react to the company’s newly adopted executive change-of-control severance policy and ongoing sector momentum. The company has made progress in its low Earth orbit constellation, with 13 satellites now in orbit, and has commercial agreements with over 60 mobile network operators. AST SpaceMobile is also diversifying its revenue base through government channels, with a contracted revenue backlog of approximately $1.3 billion. The company’s stock was trading 4.92% higher at $62.32 at the time of publication, according to Benzinga Pro data, as reported by Unknown Source.