AST SpaceMobile (ASTS) Jumps 15% on Christmas Eve Launch of BlueBird 6

We recently published 10 companies in headlinesAST Spacemobile Inc, (NASDAQ:ASTS) was one of the best performers on Friday,

AST Spacemobile saw its share prices surge 15.03 percent on Friday to close at $75.84 per share, tracking the overall market rally and placing bets ahead of the launch of its next-generation satellite.

The same day, the Indian Space Research Organization (ISRO) announced that the launch of AST Spacemobile Inc.’s (NASDAQ:ASTS) Bluebird 6 satellite has been postponed again to Christmas Eve, December 24.

AST Spacemobile (ASTS) jumped 15% on Bluebird 6 launch on Christmas Eve
AST Spacemobile (ASTS) jumped 15% on Bluebird 6 launch on Christmas Eve

Originally scheduled for launch on Dec. 15, AST Spacemobile Inc. (NASDAQ: ASTS) announced earlier this week that takeoff has been postponed to Sunday, Dec. 21.

ISRO did not give the reason for the second rescheduling.

Bluebirds 1 to 5, 6th Generation includes the largest commercial phased array in low Earth orbit at approximately 2,400 square feet.

It is approximately four times larger than previous generations, and supports 10 times the data capacity.

The Dec. 24 launch aims to enable ubiquitous cellular broadband coverage from space directly to mobile phones.

According to AST Spacemobile Inc. (NASDAQ:ASTS), it will ramp up production of its Bluebird 6 satellites, with planned manufacturing expansions at Florida and Texas facilities.

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Read further: 30 stocks that should double in 3 years And 11 Hidden AI Stocks to Buy Right Now,

Disclosure: None. This article was originally published here inner monkey,



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