AST SpaceMobile (ASTS) is a Midland, Texas-based space technology company founded in 2017 by CEO Abel Avellan. Its mission to eliminate the global mobile connectivity gap by building the world's first and only space-based cellular broadband network capable of operating directly with standard, unmodified smartphones. The company's BlueBird satellite constellation operates in low Earth orbit, delivering direct-to-device broadband coverage for users on land, at sea, and in flight without requiring any hardware modifications.
AST SpaceMobile has nearly 60 mobile network operator partners covering over three billion subscribers globally, including AT&T (T), Verizon (VZ), Vodafone (VOD), and Rakuten (RKUNF), as well as FCC authorization, to provide Supplemental Coverage from Space across a network of up to 248 satellites. AST represents one of the most ambitious and potentially transformative bets in the global telecommunications infrastructure space.
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ASTS shares have a market capitalization of $25.74 billion. Its 52-week range spans a low of $36.08 to a high of $133.86 reached on May 28, 2026, an all-time high reflecting peak investor enthusiasm for the company's satellite deployment milestones. ASTS has delivered a 4.52% change over the trailing twelve months.
Compared to the Russell 1000 Index, which has posted 10% steady broad-market gains in 2026, ASTS has dramatically underperformed since its May peak, pulling back 59% from its all-time highs. This is partly due to the SpaceX (SPCX) IPO redirecting space sector capital and a $1 billion convertible note offering raised dilution concerns, leaving the stock trading well below its 200-day moving average despite continued operational momentum.
AST SpaceMobile recorded Q1 2026 revenue of $14.7 million, falling significantly short of the analyst consensus estimate of approximately $38.4 million, while reporting a non-GAAP EPS loss of $0.66, far worse than the estimated -$0.23. The net loss attributable to common shareholders ballooned to $191 million from $45.7 million a year earlier, driven largely by an $88.65 million induced conversion expense on convertible notes and a $55.35 million stock-based compensation charge. Despite the sharp miss, revenue still represented a remarkable 1,952% increase year-over-year (YOY) from $718,000 in Q1 2025.
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