Shares of AST SpaceMobile, Inc. (ASTS) gained over 5% on Wednesday morning after the company announced the successful unfolding of its next-generation BlueBird 6 satellite in low Earth orbit.
The stock is currently trading at $101.16, up $4.89 or 5.08%, on the Nasdaq. The stock opened at $100.38 after closing Tuesday at $96.27. The stock has traded between $18.22 and $129.89 in the past 52-week period.
AST SpaceMobile said BlueBird 6 features the largest commercial communications array antenna ever deployed in low Earth orbit, spanning about 2,400 square feet. The satellite is designed to deliver peak data speeds of up to 120 Mbps and up to ten times the bandwidth capacity of earlier BlueBird satellites.
The company aims to launch 45-60 satellites by the end of 2026, with regular launches planned to expand its space-based cellular broadband network accessible directly by standard smartphones. Investors responded positively to the milestone, viewing it as a key step toward commercial deployment.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.