AST SpaceMobile Locks In Next Launch For Its Mega Satellites
It's once again teaming up with its biggest rival.
Overview
Space start-up AST SpaceMobile (NASDAQ:ASTS) has announced Aug. 5 as the date of its next launch and satellite deployment. The announcement comes just days after Elon Musk’s rival satellite company Space Exploration Technologies Corp. (NASDAQ:SPCX), or SpaceX, deployed new satellites of its own.
It’s the latest move in a new “space race”: the race to build a low-earth-orbit satellite network for broadband and cellular access. Right now, SpaceX’s Starlink has a big lead, which is why the upcoming launch is key to AST SpaceMobile’s business... and its stock price.
Details
Here’s why Aug. 5 could make or break AST SpaceMobile.
Source
Originally published at www.fool.com.
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