Why is AST SpaceMobile stock climbing today?

Firefly Aerospace Inc. has secured a $1.3B deal with AST SpaceMobile Inc. to supply 36 rocket engines for AST's heavy-lift rocket. Firefly will provide 27 Miranda and 9 Vira engines, along with intellectual property licenses. The funds will accelerate Firefly's launch and spacecraft production, including hiring and facility upgrades. Firefly is also involved in NASA's lunar and Mars missions.

AST SpaceMobile (ASTS) will develop the Blacklift rocket for BlueBird satellite launches using Firefly Aerospace (FLY) engines. The $1.3B deal includes engine licensing, manufacturing rights, and support. Blacklift, set for 2028, aims to reduce launch dependency and expand AST SpaceMobile's satellite network.

AST SpaceMobile (ASTS) agreed to a $1.3B deal with Firefly Aerospace (FLY) for 36 rocket engines to build its reusable Blacklift rocket, competing with SpaceX (SPCX). ASTS will pay in cash and stock, aiming to launch the rocket by late 2028. The deal includes a perpetual license to manufacture engines in-house. ASTS stock has a Moderate Buy consensus with a $80.71 average price target, implying 165.50% upside.

Firefly Aerospace will supply engines for AST SpaceMobile's new Blacklift rocket under a $1.3 billion deal. AST aims to develop its own rocket to reduce reliance on third-party providers like SpaceX. Firefly will provide 27 Miranda and 9 Vira engines for the first three rockets, with a launch target of late 2028. AST plans to eventually manufacture the engines itself.

Firefly Aerospace (FLY) signed a $1.3B+ deal with AST SpaceMobile (ASTS) to deliver 36 rocket engines and provide engineering support. FLY shares rose 13.21% to $17.18, ASTS shares up 1.89% to $29.63.

Firefly Aerospace will supply 36 rocket engines and license their design to AST SpaceMobile in a $1.3B deal. AST SpaceMobile plans to build reusable rockets for satellite launches, with flights expected in late 2028. Firefly will receive $800M for the license, $250M for engines, and $250M for services.