ASTS is using Cadence tools to build a resilient and highly accessible space-based cellular broadband network.
AST SpaceMobile (ASTS 5.57%) stock is posting gains in Monday's trading. The space-based telecommunications company's share price was up 6.9% as of 2 p.m.
The space industry has undergone a remarkable transformation over the past few decades, shifting from government-led projects to being increasingly dominated by private-sector players. Space exploration is entering a new era, with companies like SpaceX and Rocket Lab USA leading the charge.
AST SpaceMobile (ASTS 12.48%) stock posted big gains in Friday's trading. The company's share price ended the day up 12.5% and had been up as much as 13.9% earlier in the daily session.
Welcome to the green stock news brief for Wednesday, December 4th. Here are today's top headlines: AST SpaceMobile (NASDAQ: ASTS) and Cadence Design Systems have partnered to develop a custom chip that will power AST's space-based cellular broadband network.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
There's a new space race in full swing, but private industry, not world superpowers, are driving this post-Cold War iteration. While Elon Musk and Jeff Bezos have dominated headlines with their exciting advancements in rocketry, a cottage industry of smaller start-ups is vying for dominance in all manner of space-based markets.
With a favorable rank and unique business model, ASTS appears primed for further stock price appreciation.
Several pure-play space stocks rallied 20% or more this week, in part driven by what sector analysts called a "Trump-Elon trade." Just this week saw Rocket Lab up 41%, Intuitive Machines up 28%, Spire Global up 26%, Planet Labs up 16%, Redwire up 15% and AST SpaceMobile up 10%.
Why AST SpaceMobile Stock Just Crashed 12%
Is the market having the right reaction to AST SpaceMobile's recent third-quarter report?
ASTS reports modest third-quarter 2024 results driven by the successful orbital launch of the first five commercial satellites, the BlueBirds, along with multiple deal wins.