From 24/7 Wall St. · David Moadel · · 1m 10s
AST SpaceMobile Rises 4% as Europe's Carriers Explore Satellite Bid
Europe's top wireless carriers plan joint satellite spectrum bid, boosting AST SpaceMobile stock 4% while SpaceX and Rocket Lab lag.
In brief
Europe's top wireless carriers plan joint satellite spectrum bid, boosting AST SpaceMobile stock 4% while SpaceX and Rocket Lab lag. AST SpaceMobile stock surged 4% after Europe's four largest carriers signed a letter of intent to explore a joint satellite spectrum bid. Originally reported by 24/7 Wall St..
Carrier Spectrum Letter Lifts AST SpaceMobile
Europe's four largest wireless carriers signed a letter of intent to explore a potential joint bid for mobile satellite services spectrum.
AST SpaceMobile Stock Rises 4%
AST SpaceMobile stock surged 4% to $42.24 in early trading, outpacing space stocks.
SpaceX and Rocket Lab Lag
SpaceX stock rose 0.9% to $147.45, while Rocket Lab shares climbed 2%.
BlueBird Fleet Targets 45 Satellites
AST SpaceMobile has 13 BlueBird satellites in orbit and aims for 45 by early 2027.
Carrier Subscribers Cover 3 Billion
AST SpaceMobile's carrier partners serve over 3 billion subscribers across Europe.
Q2 Revenue Missed Expectations
AST SpaceMobile reported Q2 2026 revenue of $31.52 million, missing expectations and a $0.77 per share loss.
Next Step: Commercial Agreement
Investors await whether the spectrum bid becomes a commercial agreement with signed revenue.
The short version
AST SpaceMobile stock surged 4% after Europe's four largest carriers signed a letter of intent to explore a joint satellite spectrum bid.
