ASTS / AST SpaceMobile: Broadband Internet Through Satellites Just As Elon Musk's Starlink In Ukraine

The satellite-telephony specialist published a business update. This included several preliminary third-quarter results. more_horizontal

AST successfully completed a call from Hawaii to Spain via its satellite using a terrestrial phone, a major milestone in the development of its networ more_horizontal

For investors combing the market for game-changing innovations, Tuesday's announcements from AST SpaceMobile (NASDAQ: ASTS ) certainly stood out. This more_horizontal

Wireless telecom companies have struggled due to issues including cutthroat competition. A Citigroup analyst upgraded both Verizon and AT&T on Tuesday more_horizontal

Shares of space economy specialist AST SpaceMobile (NASDAQ: ASTS ) — which builds the first and only space-based cellular broadband network directly more_horizontal

AST SpaceMobile reported wider-than-expected losses -- and no revenue -- for fiscal Q2 2023. AST is taking on debt and selling stock with which to bui more_horizontal

There was no cause for alarm, but neither was there any reason to be optimistic. A projected year-over-year drop in cash and cash equivalents did not more_horizontal

As Wall Street works its way through second-quarter earnings reports, investors are getting a closer look at first-half performance from the space sec more_horizontal