Institutional holders of AST SpaceMobile rise to 856, total investment hits $16B

AST SpaceMobile: AST SpaceMobile develops a satellite-based cellular broadband network designed to deliver direct-to-device connectivity to standard mobile phones. The company focuses on building and launching its BlueBird satellite constellation to enable seamless coverage in remote or underserved areas through partnerships with mobile network operators. Recent developments include regulatory approvals for testing and analyst upgrades highlighting the value of its spectrum holdings amid ongoing satellite deployment efforts. Analyst Sentiment: Deutsche Bank upgraded its rating on AST SpaceMobile to Buy, citing undervaluation relative to spectrum assets and potential shifts in carrier partnerships away from competitors. Regulatory Progress: The FCC granted AST SpaceMobile a 30-day authorization for testing at 900 MHz, supporting further validation of its direct-to-cell technology. Satellite Development: Multiple BlueBird satellites have reached launch preparation sites in Florida as production continues on additional units for the constellation.