AST SpaceMobile (ASTS) is gearing up for another big step in its quest to blanket the globe with cellular broadband from space. The company announced Tuesday that it plans to launch its BlueBird 8, 9, and 10 satellites on June 17, aboard a Falcon 9 rocket from Cape Canaveral, Florida.
These satellites are designed to expand AST SpaceMobile's direct-to-device network, and they come with a meaningful upgrade: the company says they'll deliver nearly double the peak data speeds of the initial Block 1 BlueBird satellites. Those earlier satellites already managed download speeds of 98.9 Mbps on standard smartphones — not bad for a signal coming from space.
President Scott Wisniewski framed the launch as another milestone in scaling the company's global space-based cellular broadband network. And the company has plenty of partners to help make that happen. AST SpaceMobile has agreements with nearly 60 mobile network operators serving more than 3 billion subscribers worldwide, including heavyweights like AT&T (T), Verizon (VZ), Vodafone (VOD), and Alphabet (GOOGL). Of course, launch timing is always subject to weather and operational conditions, so keep an eye on the window.
Technical Picture Remains Mixed
Despite the exciting news, AST SpaceMobile stock is trading lower by more than 2% on Tuesday. The broader market is in a risk-off mood, with the Nasdaq Composite dropping 2.01% and the S&P 500 falling 0.84%. High-beta growth names like ASTS are feeling the heat.
Zoom out, though, and the picture is still impressive. The stock has gained 155.03% over the past 12 months. But near-term momentum has cooled. Shares are trading 10.5% below their 20-day simple moving average of $99.20 and 3.6% below their 100-day simple moving average of $92.09. That suggests the stock is consolidating after hitting a swing high and a 52-week high in May.
The longer-term trend remains intact. AST SpaceMobile is still trading 12.5% above its 200-day simple moving average of $78.93 and slightly above its 50-day simple moving average of $88.50. The golden cross that formed in June 2025 — when the 50-day moving average crossed above the 200-day moving average — is still in place. Traders will likely watch whether shares can hold support near the 50-day average.
Momentum indicators point to a cooling trend rather than a breakdown. The stock's relative strength index (RSI) stands at 47.26, a neutral reading that suggests neither buyers nor sellers currently have a clear advantage.
Key resistance sits near $104.00, close to the 20-day moving average. Key support is around $73.50, a level that aligns with a prior area of buyer interest.
Price Action
AST SpaceMobile shares were down 2.57% at $89.69 at the time of publication on Tuesday, according to market data.
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