AST Spacemobile (ASTS) Jumps 8% as Firm Bares Looming Rocket Launches

ASTS +2.74%

We recently published 10 Stocks Stealing the Spotlight Early as Christmas Looms. AST SpaceMobile Inc. (NASDAQ:ASTS) is one of the top performers on Tuesday.

AST SpaceMobile bounced back by 8.14 percent on Tuesday to close at $56.89 apiece as investors took heart from the unveiling of five new rocket launches beginning in the next two weeks.

In a social media post on the same day, AST SpaceMobile Inc. (NASDAQ:ASTS) said that it would make five launches beginning December 15 until March 2026.

Its next-generation satellite, BlueBird 6, would launch on December 15 from the Satish Dhawan Space Center in India.

According to the company, the said satellite, when launched, would feature the largest commercial phased array in low Earth orbit at nearly 2,400 square feet, representing a 3.5 times increase in size over BlueBirds 1 to 5 and supports 10 times the data capacity.

“Our next-generation satellites will soon enable ubiquitous cellular broadband coverage direct to everyday smartphones from space,” said AST SpaceMobile Inc. (NASDAQ:ASTS) Chairman and CEO Abel Avellan.

“As an American company, we are proud to demonstrate US leadership in space innovation while pioneering the next era of global connectivity,” he added.

In line with the BlueBird 6 launch, AST SpaceMobile Inc. (NASDAQ:ASTS) also announced the expansion of its manufacturing sites in Texas and Florida.

“As we accelerate production of our next-generation BlueBird satellites, the expansion allows us to increase capacity, strengthen our supply chain, and bring even more high-technology manufacturing work back to the United States. This is about building more satellites, faster, and doing it right here at home so we can deliver on our mission to close the connectivity gaps and deliver cellular broadband where it is needed the most,” said Avellan.

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Disclosure: None. This article is originally published at Insider Monkey.