AST SpaceMobile (ASTS) Climbs 18% Ahead of BlueBird 6 Launch

We recently published 10 Stocks With Effortless 14-25% Gains. AST SpaceMobile Inc. (NASDAQ:ASTS) is one of the best performers on Thursday.

AST SpaceMobile clawed back to the $70 territory on Thursday, jumping 18.25 percent to close at $72.65 apiece, as investors continued to load up portfolios ahead of the looming launch of its BlueBird 6 satellite.

BlueBird 6 is currently AST SpaceMobile, Inc.’s (NASDAQ:ASTS) most advanced satellite so far, representing a 3.5 times increase in size over BlueBirds 1 to 5, and supports 10 times the data capacity.

The BlueBird 6 would launch from the Satish Dhawan Space Center in India on December 15 and would feature the largest commercial phased array in low Earth orbit at nearly 2,400 square feet.

“Our next-generation satellites will soon enable ubiquitous cellular broadband coverage direct to everyday smartphones from space,” said AST SpaceMobile Inc. (NASDAQ:ASTS) Chairman and CEO Abel Avellan.

“As an American company, we are proud to demonstrate US leadership in space innovation while pioneering the next era of global connectivity,” he added.

In line with the launch, AST SpaceMobile Inc. (NASDAQ:ASTS) also announced the expansion of its manufacturing sites in Texas and Florida in a bid to increase the production capacity of its next-generation satellites.

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Disclosure: None. This article is originally published at Insider Monkey.