Market reaction
Shares of AST SpaceMobile Inc. (NASDAQ: ASTS) jumped 4.9% in premarket trading Wednesday following the successful deployment of three additional BlueBird satellites. The stock move tracked the company’s announcement that BlueBirds 8, 9 and 10 were launched aboard a SpaceX Falcon 9 rocket.
Launch and technical details
The three satellites lifted off at 2:39 a.m. EDT Wednesday from Cape Canaveral Space Force Station. The BlueBird units are engineered to provide voice, broadband data and video directly to standard smartphones from low Earth orbit, with peak data speeds designed to approach 200 Mbps.
AST SpaceMobile characterizes these satellites as next-generation BlueBirds. Each satellite measures approximately 2,400 square feet, which the company says makes them the largest commercial communications arrays ever deployed in low Earth orbit. The firm noted these units are intended to deliver nearly double the peak data speeds achieved by its initial Block 1 BlueBird satellites; those earlier satellites recently recorded peak download speeds of 98.9 Mbps to standard handsets.
Production and upcoming launches
AST SpaceMobile reported that BlueBirds 11, 12 and 13 are in final preparations for shipment to Cape Canaveral ahead of a subsequent launch. The company also stated that satellites through BlueBird 37 are currently in production.
Assembly of the BlueBird satellites takes place at the company’s facilities in Midland, Texas. More broadly, AST SpaceMobile operates in excess of 500,000 square feet of manufacturing and operations space worldwide and employs a workforce of more than 2,250 people.
Commercial partnerships and target markets
The company has struck agreements with nearly 60 mobile network operators around the globe, representing more than 3 billion subscribers. Named partners include AT&T, Verizon, Vodafone, Rakuten, Bell, Telus and stc Group. AST SpaceMobile is targeting initial service activation across the United States, Canada, Europe, Saudi Arabia and Japan.
Outlook
The fresh launch and the ongoing production ramp underscore AST SpaceMobile’s push to scale its constellation and enable direct-to-smartphone connectivity at higher peak speeds. The company’s next launches and the timing of initial service activations in its target markets will be milestones to watch as deployment proceeds.