AST SpaceMobile, a publicly owned company headquartered in the US, was founded in 2017 and employs approximately 290 individuals. The company specializes in enterprise connectivity services, functioning as a satellite designer and manufacturer. It designs and manufactures satellites, and its BlueWalker 3 satellite is noted as the largest commercial communications array in low Earth orbit.
AST SpaceMobile is back in focus as of March 21, 2026, shifting towards a revenue-generating business model, underpinned by multiple U.S. government deals and US$1.2 billion in contracted revenue from commercial and public sector customers. This comes despite a 4.4% one-day share price pullback to US$89.93, with the company maintaining positive shorter-term momentum, reflecting 30-day and 90-day share price gains of 6.5% and 18.6% respectively. Previously, on March 20, the company's stock plunged 7.8% intraday to $86.73 from a high of $96.99, marking one of its largest intraday losses, with surging implied volatility in put options indicating bearish positioning. This sharp drop followed a 9.0% gain on March 19, when AST SpaceMobile announced a US$30 million contract with the U.S. Space Development Agency and expanded commercial partnerships, including an equity-stake deal with Telus. During this period, the company also advanced its BlueBird 6 and 7 satellite deployments and reported its first year of revenue, driven by various U.S. government contracts.
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AST SpaceMobile offers products in the connectivity and cloud industry. AST SpaceMobile's product portfolio comprises of enterprise connectivity services.
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AST SpaceMobile's customers primarily consist of telecoms companies. Examples of AST SpaceMobile's customers include Zain Saudi Arabia and TIM Brasil. AST SpaceMobile has commercial and technical partners like AT&T and Saudi Telecom Company.
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