On June 9, AST SpaceMobile rose 5.87% in regular trading, trading at $98.29/share, with trading volume of $191 million.

On the news front, AST SpaceMobile announced that its BlueBird 8, 9, and 10 satellites are scheduled to launch on June 17 from Cape Canaveral aboard a SpaceX Falcon 9 rocket, with a 2:39 a.m. EDT launch window. The mission aims to deploy three next-generation BlueBird satellites to expand the company's direct-to-device broadband network. The company stated that the new-generation satellites are expected to deliver peak data transmission speeds nearly double those of the first-generation Block 1 BlueBird satellites.

The announcement also alleviates prior market concerns stemming from Blue Origin's New Glenn rocket explosion during a static fire test, as the company has secured an alternative launch path through SpaceX. The stock had previously declined from the $112 range to the $92 range due to multiple headwinds including Deutsche Bank's downgrade from Buy to Hold and the Blue Origin incident.

AST SpaceMobile is an innovative satellite designer and manufacturer building the first space-based cellular broadband network accessible directly by standard smartphones, covering 2G/3G/4G LTE/5G and IoT devices.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)