On September 29, AST SpaceMobile, Inc. rose 6.95% in pre-market trading, trading at $65.295/share, with turnover of $82.396 million.

On the news front, SpaceX Starship 14 launched on September 28 to deploy Starlink V3 satellites, boosting broader space sector sentiment. Meanwhile, both SpaceX and AST SpaceMobile, Inc. have expressed interest in acquiring space-based wireless spectrum held by Grain Management, with bids reportedly solicited for approximately $6 billion in spectrum licenses made available following a swap with T-Mobile US. The potential acquisition could significantly strengthen AST SpaceMobile, Inc.'s direct-to-phone satellite service capabilities.

Adding to the bullish backdrop, Berenberg recently initiated coverage on the stock with a Buy rating and a $92 price target, while the consensus mean target stands at $82.33. The company reported a backlog of approximately $1.3 billion in orders as of Q2, including over $125 million in national security contracts, and raised its full-year revenue guidance to $150-200 million. BlueBird satellites 14 through 16 are nearing completion, supporting continued constellation expansion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)