On June 12, AST SpaceMobile rose 6.23% in after-hours trading, trading at $103.4/share, with turnover of $163 million. The stock continues its rebound from recent lows driven by the upcoming launch of three next-generation satellites.

The company announced that its BlueBird 8, 9, and 10 satellites are scheduled to launch on June 17 from Cape Canaveral, Florida, aboard a SpaceX Falcon 9 rocket. The mission aims to expand its direct-to-device broadband network capable of delivering voice, data, and video services directly to standard, unmodified smartphones. The next-generation satellites are expected to achieve peak data transmission rates nearly double those of the first-generation BlueBird satellites, which recently demonstrated download speeds of 98.9 Mbps. Each satellite features a communication array of approximately 2,400 square feet, making them among the largest commercial arrays ever deployed in low Earth orbit.

The stock had previously declined from the $112 level to around $92 following a Deutsche Bank downgrade from Buy to Hold and concerns over a Blue Origin New Glenn rocket static fire test explosion, which raised fears about future satellite deployment timelines.

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