MW This is why AST SpaceMobile's stock is skyrocketing again

By James Rogers

Shares of space-based broadband company surge after encouraging earnings report

Shares of AST SpaceMobile skyrocketed more than 13% on Tuesday, boosted by the space-based broadband company's narrower-than-expected fourth-quarter loss it reported late Monday. The result marks a shift from the prior quarter, when the company's loss widened.

Set against this backdrop, the stock is on pace for its highest daily percentage increase since Feb. 10, when it rose 17.5%, according to Dow Jones Market Data.

Related: Space stocks climb after successful private landing on the Moon

AST SpaceMobile $(ASTS)$ has been attracting positive attention, boosted by launch milestones and a raft of partnerhips. Last year, AST SpaceMobile launched its first five commercial satellites into space atop a SpaceX Falcon 9 rocket and also announced launch-services agreements to provide space-based cellular broadband service coverage for key markets such as the U.S., Europe Japan, and the U.S. government.

The company's shares have risen 880.5% in the past 12 months.

Related: These are the space stocks to watch in 2025

Late Monday, AST SpaceMobile reported a net loss of $35.9 million, or a loss of 18 cents a share, compared with a net loss of $31.9 million, or 35 cents a share, in the prior year's quarter. Analysts surveyed by FactSet were looking for a loss of 19 cents a share.

The company reported revenue of $1.9 million, versus zero revenue in the prior year's quarter, but below the FactSet consensus of $2.4 million. AST SpaceMobile ended the quarter with $567.5 million of cash, cash equivalents and restricted cash.

Related: AST SpaceMobile stock slides after Q3 loss widens

AST SpaceMobile continues to clinch deals. In a separate announcement Monday, the company announced an agreement with Vodafone Group Plc. (UK:VOD) to create a European direct-to-device satellite service provider. The jointly-owned satellite business will serve mobile network operators in Europe. Vodafone, along with AT&T Inc. $(T)$ and Alphabet Inc.'s $(GOOG)$ $(GOOGL)$ Google, is an investor in AST SpaceMobile.

Last week, AST SpaceMobile announced a $43 million contract to support the U.S. Space Development Agency. The deal, which is through a prime contractor, will use AST SpaceMobile's Block 2 BlueBird satellites.

Related: AST SpaceMobile stock slides after Q3 loss widens

-James Rogers

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March 04, 2025 15:33 ET (20:33 GMT)

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