Why AST SpaceMobile (ASTS) Is Up After FCC Clears 20 Satellites and BlueBird 6 Advances

• AST SpaceMobile announced that its first Block 2 BlueBird satellite, BlueBird 6, is now fully assembled and undergoing final testing ahead of shipment, while 20 of its satellites have received conditional launch approval from the FCC as of early September 2025.
• This milestone marks tangible progress toward building a space-based mobile network, advancing AST SpaceMobile’s plans to expand connectivity through space-based direct-to-mobile technology.
• We’ll examine how FCC approval for launching 20 satellites shapes AST SpaceMobile’s investment story and future connectivity ambitions.

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What Is AST SpaceMobile's Investment Narrative?

Owning AST SpaceMobile stock hinges on believing in its vision to build the world’s first space-based, direct-to-mobile network, a goal that relies on successfully launching and monetizing its growing satellite fleet. With the FCC now conditionally approving 20 satellites for launch and the first Block 2 BlueBird satellite fully assembled, the technical roadmap appears to be advancing, making this milestone the most concrete progress yet toward revenue-generating operations. While this news may serve as a near-term catalyst and inject renewed optimism about the company’s ability to execute, investors must balance this against persistent risks: high ongoing losses, repeated equity issuances, and costly build-out plans mean dilution and funding challenges remain front and center. The recent price moves suggest the market's optimism is guarded, signaling that execution and financial discipline will remain under scrutiny as deployments ramp up. The conditional nature of FCC approval may temper the immediate financial impact until launches translate into actual coverage and customer growth.

On the other hand, not all investors are pricing in the risks around ongoing losses and dilution.

Despite retreating, AST SpaceMobile's shares might still be trading above their fair value and there could be some more downside. Discover how much.

Exploring Other Perspectives

Fifty-one Simply Wall St Community members estimate fair value for AST SpaceMobile, with opinions ranging from just US$0.09 up to a high near US$198.06. While bulls see very large upside, others remain cautious, reflecting a wide gap in confidence as the company faces ongoing operating losses and heavy capital needs. Explore how your outlook compares to these community perspectives.

Explore 51 other fair value estimates on AST SpaceMobile - why the stock might be worth over 4x more than the current price!

Build Your Own AST SpaceMobile Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your AST SpaceMobile research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.
• Our free AST SpaceMobile research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate AST SpaceMobile's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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