SpaceX rival AST SpaceMobile soar on report of satellite deployment

Satellite designer AST Spacemobile He said Elon Musk is preparing to use about five dozen satellites that strengthen the large cellular -based band networks, a movement that sets up as a rival to the dominant SpaceX.

The Texas -based company published its second quarter earnings after Bell on Monday and reported that its satellites were completely financed and prepared to be deployed more than $ 1.5 billion in the balance sheet.

Space Company’s shares increased by more than 10% in the news on Tuesday. Space, which is an explosion for large band technology, has more than 140% so far.

CEO Abel Avellan, “CEO Abel Avellan,” USA, Europe, Japan and the US government, including other strategic markets to support continuous service to support continuous service to 45 to 60 satellite by approved our plan to set up. “He said. report. He continued: “We also planned an orbit launch every two months in 2025 and 2026.”

AST Spacemobile currently has six satellites used for both commercial and government applications. The company plans to serve in the USA by the end of the year, followed by England, Japan and Canada in the first quarter of 2026.

Avellan added that AST Spacemobile plans to launch a satellite every two months to reach the target of 45 to 60 next year.

With the announcement of Monday, the company joins the growing race to create a wide band service in space, and the important player SpaceX is currently boasting with more than 8,000 Starlink satellites in orbit. Globalstar among other competitors in space, AppleAnd Project Kuipersupported by Amazon.