AST SpaceMobile Delays Commercial Launch Target to 2027
AST SpaceMobile (NASDAQ: ASTS) has delayed its commercial satellite launch target from the end of 2026 to early 2027, following a setback with BlueBird 7 in April. The company had previously aimed for 45 satellites by year-end but now plans to reach that number next year instead. Despite this delay, AST SpaceMobile remains optimistic about its long-term growth prospects. It has secured partnerships with over 60 carriers and holds a $1.3 billion backlog of orders. Analysts forecast revenue will rise from $71 million in 2025 to $1.73 billion by 2028, while adjusted EBITDA is expected to turn positive during the final two years. The company's stock has experienced a significant drop since hitting an all-time high of $133.09 per share on May 28, 2026, falling into the low $60s as investors reacted negatively to slower-than-expected progress.
Topics: AST SpaceMobile satellites stock performance telecom partnerships