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Stock impact report

AST SpaceMobile Provides Third Quarter 2022 Business Update

AST SpaceMobile, Inc. - Class A (ASTS) 
Company Research Source: Business Wire
MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today is providing its business update for the third quarter ended September 30, 2022.“The successful unfolding of BlueWalker 3 is a major step forward for our patented space-based cellular broadband technology and paves the way for the ongoing production of our BlueBird satellites,” said Abel Avellan, Chairman and Chief Executive Officer of AST SpaceMobile. “In completing this deployment, as well as the other learnings from stowing, launching, operating, testing and flying the satellite over the last 2 months, we feel confident in our architecture and do not foresee any major changes to the architecture of our Block 1 satellites.”Business UpdateProgress with our BlueWalker 3 test satelliteCompleted the successful launch of the BlueWalker 3 (“BW3”) test satellite from Show less Read more
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