ASTS is trading 14.7% up now at $121.44 after confirming three next-generation satellites have arrived at Cape Canaveral for a planned mid-June SpaceX Falcon 9 launch.
- The arrival of the hardware marks a key execution milestone, extending a sharp multi-week rally for the space-based cellular broadband company.
- The stock is also benefiting from a supportive market environment as growth stocks lead a broadly positive U.S. session, boosting high-beta names alongside the company’s execution-focused catalyst.