$ASTS

AST SpaceMobile (ASTS) was upgraded by Scotiabank to 'Sector Perform' with a $50.80 price target, citing its satellite pipeline and telecom partnerships. The stock has fallen 32% since January, but the analyst believes risks and opportunities are now fairly reflected. ASTS plans a beta service launch in the U.S. by late 2026 with AT&T and Verizon, and has partnerships with 60 mobile network operators. The stock rose 2.2% on the news.

AST SpaceMobile (ASTS) shares dropped 12% overnight after announcing a $1B convertible note offering. Analyst Tim Farrar suggests the company may use funds to acquire or invest in a launch provider, signaling a strategic pivot. ASTS is down 10% this week. The company aims to reduce reliance on third-party launch providers and has no current acquisition agreements. Farrar questions the availability of suitable targets and potential delays. ASTS stock is up 30% over the past year.

AST SpaceMobile (ASTS) delayed its commercial launch to 2027. The company has $3.7B in liquidity after a $1.15B convertible bond sale, but its current burn rate may deplete cash in 1.5 to 2 years. ASTS has partnerships with cellphone providers and aims to offer satellite service via existing phones.

SpaceX (SPCX) fell 4% to $148.13 due to upcoming share unlocks, a $52M sale by COO Gwynne Shotwell, and valuation concerns. AST SpaceMobile (ASTS) dropped 6% to $60.08, and Rocket Lab (RKLB) declined 2% to $70.28, reflecting broader space sector weakness. SpaceX faces a September 24 lockup expiration with 328M shares eligible for sale, potentially increasing supply pressure.

AST SpaceMobile (ASTS) stock rose due to investor optimism about satellite-to-smartphone services following FCC comments on spectrum auctions. The company also secured a deal with the U.S. Space Development Agency. ASTS's commercial relationships and backlog suggest potential for steady revenue, but it faces risks like cash burn and regulatory delays.

AST SpaceMobile (ASTS) aims to build a space-based cellular network for unmodified smartphones, with 13 satellites in orbit and a target of 45 by early 2027. The company's Q2 2026 revenue was $31.52M, missing estimates but up 2,626.6% YoY. ASTS shares are down 19.43% YTD but up 41.22% over one year. The 24/7 Wall St. price target is $89.40, implying 52.77% upside from the current $58.52.

Rocket Lab (RKLB) rose 7% after Cantor Fitzgerald reiterated its $122 target, citing its launch record and customer diversification. Intuitive Machines (LUNR) gained 10% without a catalyst, while AST SpaceMobile (ASTS) increased 6%. The Procure Space ETF (UFO) was up 2%. Cantor's note highlighted Rocket Lab's infrastructure and pending Iridium Communications acquisition as key catalysts, though no timeline was provided.

AST SpaceMobile (ASTS) saw unusual bullish option activity with 33,217 calls, 1.5x expected. Implied volatility rose to 72.03%. Active strikes include 9/25 weekly 65 and 70 calls, totaling 5,800 contracts. Put/Call Ratio is 0.39. Earnings are due November 9th, according to TheFly.

AST SpaceMobile (ASTS) and Rocket Lab (RKLB) shares fell 15% and 10% respectively, while SpaceX (SPCX) held steady. Piper Sandler initiated coverage, rating ASTS 'Overweight' with a $100 target, RKLB 'Neutral' with an $83 target, and SPCX 'Neutral' with a $156 target. ASTS priced a $1B convertible note offering.

AST SpaceMobile (ASTS) shares fell after the FCC approved SpaceX's global direct-to-cellular service, raising competition concerns. The company faces lawsuits, insider sales, and broader sector pullbacks. ASTS has contracts and partnerships but is unprofitable and burning cash, risking delays and funding needs.