AST SpaceMobile Surges, Driven by FCC Approval and Carrier Joint Venture

AST SpaceMobile (ASTS) shares rallied in mid-to-late May 2026. The stock recovered from an April setback when the BlueBird 7 satellite failed to reach orbit and was de-orbited.

The FCC granted approval for ASTS to provide commercial direct-to-device services in the U.S. AT&T, T-Mobile, and Verizon announced a joint venture to expand satellite-based wireless coverage using ASTS technology. New leveraged ETFs further increased market interest.

The company reaffirmed its full-year revenue guidance despite a first-quarter financial loss. Management aims to have approximately 45 satellites in orbit by the end of 2026. An upcoming launch will replace the lost BlueBird 7 capacity.