Ast Spacemobil - Satellite Telephony Provider Continues on Growth Path

Business Driver: AST Spacemobil (ASTS) is one of the leading players in the megamarket for satellite telephony. AST Spacemobile aims to provide the world's first satellite-based mobile network that can also be used with commercial smartphones. They plan to offer this service through a well-developed extensive network of communication satellites ("BlueBird"), which are expected to provide 4G and 5G broadband services globally. By the end of 2026, they aim to expand their network to over 60 satellites. On June 16, B. Riley Securities reiterated...