AST SpaceMobile Pops on Satellite News

Satellite communications specialist $AST SpaceMobile(ASTS.US)$ saw its shares soar on Thursday after the announcement of its commercial satellite deployment. Called Bluebird, the satellites will represent the largest-ever commercial communications array deployed in low Earth orbit (LEO). Primarily, the network aims to extend the reach of cellular broadband, thus boosting the credibility of ASTS stock.
According to the official press release, the satellites will be shipped to Cape Canaveral in the first week of August. AST aims to meet a seven-day launch window in September. The communications specialist has already undergone rigorous testing of the satellites. Moreover, continuous monitoring will take place until the launch.

Ultimately, the exact launch data will depend on various factors, including final testing results, regulatory approvals, the meeting of logistics-related concerns and weather conditions. Still, momentum appears to be moving in the right direction.
Per the release, AST SpaceMobile secured investments from major telecommunications and technology firms, including $Verizon(VZ.US)$ and Google under Alphabet $Alphabet-C(GOOG.US)$ $Alphabet-A(GOOGL.US)$ . In addition, AST received a new contract award with the U.S. government through a prime contractor.