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-0.00167535368577804 0 -0.0019545793000744 -0.00130305286671631 -0.00120997766195081 -0.00595681310498884 -0.00958674609084141 -0.00344378257632158
Stock impact report

What’s Happening With AST SpaceMobile Stock? [Forbes]

AST SpaceMobile, Inc. - Class A (ASTS) 
Company Research Source: Forbes
... More SOPA Images/LightRocket via Getty Images AST SpaceMobile stock (NASDAQ:ASTS) – a company developing a low-Earth-orbit (LEO) satellite constellation to provide broadband directly to smartphones – experienced a 14% increase in stock value on Friday and has risen by over 21% over the last week. Several factors are contributing to these recent gains. The main driving factor was the announcement that AST SpaceMobile had been selected as a prime contractor for the U.S. Missile Defense Agency's SHIELD program. Although the contract is classified as “indefinite-delivery/indefinite-quantity” (IDIQ), it enables ASTS to bid on future task orders within a program that holds a substantial budget ceiling of $151 billion. This reinforces the “dual-use” capability of AST's technology, which extends beyond merely supplying internet to consumer smartphones; the satellites can now also serve military purposes such as sensing, secure communications, and missile defense. In addition, AST Show less Read more
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