ASTS Stock Gains as BlueBird 6 Satellite Launches Break Records

AST SpaceMobile launched its largest satellite, BlueBird 6, from India, aiming to compete with SpaceX's Starlink by enabling direct mobile phone connectivity via space-based networks. The successful launch boosts ASTS's potential in the satellite communications market, with plans to deploy up to 60 satellites by 2026 and partnerships with major telecom providers. Despite positive developments, Wall Street analysts give ASTS a moderate buy rating with a target suggesting potential downside.