We recently published 10 Firms in the Limelight. AST SpaceMobile Inc. (NASDAQ:ASTS) is one of the best performers on Friday.
AST SpaceMobile saw its share prices jump by 15.03 percent on Friday to close at $75.84 apiece, tracking an overall market rally and placing bets ahead of the launch of its next-generation satellite.
On the same day, the Indian Space Research Organisation (ISRO) announced that the launch of AST SpaceMobile Inc.’s (NASDAQ:ASTS) BlueBird 6 satellite has been pushed back anew to Christmas Eve, December 24.
Originally set for launch on December 15, AST SpaceMobile Inc. (NASDAQ:ASTS) announced earlier this week that the takeoff has been pushed back to Sunday, December 21.
The ISRO did not divulge the reason for the second reschedule.
As compared with the BlueBirds 1 to 5, the 6th generation features the largest commercial phased array in low Earth orbit at nearly 2,400 square feet.
It is also nearly four times bigger than the previous generations, and supports 10 times the data capacity.
The December 24 launch targets to enable ubiquitous cellular broadband coverage from space directly to mobile phones.
According to AST SpaceMobile Inc. (NASDAQ:ASTS), it would ramp up the production of its BlueBird 6 satellites, with planned manufacturing expansion in its Florida and Texas facilities.
While we acknowledge the potential of ASTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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