AST SpaceMobile Targets 500 Million Subscribers Through European Carrier Partnership - AST SpaceMobile (N

AST SpaceMobile (ASTS) shares rose 5% after Deutsche Telekom, Orange, Telefonica, and Vodafone signed a Letter of Intent to explore a joint bid for European satellite spectrum. AST is a likely partner, working with all four carriers. Analysts project revenue growth from $70.9M in fiscal 2025 to $1.73B in fiscal 2028, with negative free cash flow of -$1.14B in fiscal 2025. The spectrum assignment is expected in 2029.

AST SpaceMobile (ASTS) rose 4% to $42.24 after Europe's four largest carriers signed a letter of intent to explore a joint bid for satellite spectrum, with AST SpaceMobile providing ground infrastructure. SpaceX (SPCX) and Rocket Lab (RKLB) also saw gains. AST SpaceMobile reported Q2 revenue of $31.52 million, missing expectations, and maintains annual guidance of $150M-$200M.

AST SpaceMobile (ASTS) shares rose 3% premarket after its partners, including Deutsche Telekom, Orange, Telefónica, and Vodafone, signed a letter of intent to explore a joint bid for European Mobile Satellite Services spectrum. The company has a high P/S ratio of 101.37x, reflecting growth expectations despite ongoing losses. Insiders have sold significantly more shares than they've purchased, while some institutional investors show confidence.

AST SpaceMobile (ASTS) stock rose 3.9% in pre-market trading after Peter Adderton disclosed buying shares near $40, citing undervaluation. Major European telecoms signed a Letter of Intent for joint spectrum bids, reinforcing ASTS's partnership model. The NASDAQ and S&P 500 gains also supported the rally. ASTS remains below its 52-week high of $133.86, with a consensus Hold rating.

AST SpaceMobile (ASTS) shares rose 3.5% after announcing European partnerships with Deutsche Telekom, Orange, Telefónica, and Vodafone to explore joint bids for spectrum. The collaboration aims to accelerate space-based cellular broadband deployment across Europe, targeting over 500 million subscribers. AST SpaceMobile's satellites connect directly to smartphones, with peak speeds of 98.9 Mbps.

Ukrainian President Zelenskyy reported Starlink drones lost connection at speeds over 100 mph in Ukraine, while EU terminals worked normally. SpaceX and U.S. officials denied involvement. SpaceX shares fell 10.17% last week, while Eutelsat gained 23% as Europe's only low Earth orbit broadband rival. Other space stocks also saw significant moves.