TLDR
- ASTS rose about 3% Friday after AST SpaceMobile announced expanded satellite network testing across Europe
- Testing is underway with Vodafone, Orange, Telefónica, and Deutsche Telekom across the UK, Ireland, France, Germany, and Spain
- AST also secured regulatory approval for direct-to-cell services in Japan with Rakuten Mobile
- Q2 earnings are due Monday, August 10; analysts expect revenue of $34.98 million, up 2,916% year over year
- Consensus analyst rating is “Hold” with an average price target of $87.60, suggesting upside from current levels
AST SpaceMobile stock opened at $67.36 on Friday, climbing roughly 3% early in the session after the company announced it had expanded satellite network integration testing across Europe.
The stock sits well below its 50-day moving average of $76.79 and its 200-day moving average of $86.31. Its 12-month range runs from $36.08 to $133.86.
Testing is now underway in the UK, Ireland, France, Germany, Spain, Romania, the Czech Republic, and Ukraine. The company is working with Vodafone, Orange, Telefónica, and Deutsche Telekom to integrate its space-based service with existing mobile networks on the ground.
AST also taps into Satellite Connect Europe, its joint venture with Vodafone, which provides open-access direct-to-device satellite connectivity to European mobile operators.
The company noted that all testing activities remain subject to regulatory approval.
Earlier this week, AST confirmed it had kicked off direct-to-cellular operations in Japan through a partnership with Rakuten Mobile. Japan’s approval adds another major market to its growing commercial footprint.
“The European campaign builds on AST SpaceMobile’s growing commercial momentum worldwide,” the company said, noting it works with nearly 60 mobile network operators globally, covering over 3 billion existing subscribers.
Q2 Earnings on Deck
AST reports Q2 fiscal 2026 results after market close on Monday, August 10. Wall Street expects revenue of $34.98 million, which would represent a 2,916% jump from the same quarter last year.
Analysts also expect an adjusted loss of $0.32 per share, narrowing from a $0.41 loss in Q2 2025.
Last quarter did not go smoothly. AST reported a loss of $0.66 per share against an expected loss of $0.23. Revenue came in at $14.73 million, well short of the $39.01 million consensus. That miss is likely still fresh in investors’ minds heading into Monday.
Satellite Deployment Continues
On the hardware side, AST successfully launched BlueBird satellites 11, 12, and 13, adding capacity to its low-Earth orbit constellation. Beta services are expected to begin later this year.
Institutional investors own 60.95% of ASTS. Castle Rock Wealth Management picked up a new position of 16,015 shares, worth around $1.38 million, in Q2.
On the insider side, CFO Andrew Martin Johnson sold 45,809 shares at $93.81 in June, reducing his position by 8.34%. Director Julio A. Torres also sold 15,000 shares in May at $76.34. In total, insiders have sold 105,809 shares worth roughly $9.75 million over the past 90 days.
Analyst sentiment is mixed. Piper Sandler rates ASTS overweight with a $100 price target. New Street Research has a $106 target. William Blair holds a market perform. Weiss Ratings maintains a sell. The consensus sits at “Hold” with an average target of $87.60.
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