AST SpaceMobile (ASTS) is preparing for the launch of BlueBird satellites 8, 9, and 10 as part of its expanding space-based cellular broadband network. The company has forged partnerships with nearly 60 global mobile network operators, collectively serving over 3 billion subscribers, and secured over $1.2 billion in contracted revenue commitments. The deployment of approximately 45 BlueBird satellites is targeted for completion by 2026, backed by FCC authorization for U.S. operations in collaboration with major telecom providers.
However, ASTS faces substantial challenges, including competition from established players like SpaceX and Globalstar in the rapidly growing mobile satellite services market. The company’s reliance on third-party launch providers adds execution risk to its satellite deployment timeline. Meanwhile, Amazon (AMZN) has announced plans to acquire Globalstar, aiming to leverage its satellite assets and regulatory approvals to establish a next-generation direct-to-device system by 2028, intensifying competition in the space connectivity sector.
Over the past year, AST SpaceMobile’s shares have surged 105.1%, outperforming the industry growth of 60.1%. Despite this growth, the company trades at a forward price-to-sales ratio of 73.99, significantly higher than the industry average, with earnings estimates for 2026 and 2027 dwindling in recent months. Currently, ASTS holds a Zacks Rank of #4 (Sell).
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