AST SpaceMobile’s stock surged over 15% in Thursday trading to reach a new all-time high, marking the fourth consecutive session of double-digit gains. The rally follows successful end-to-end tests of its BlueBird prototype satellite, which demonstrated clear two-way broadband connectivity with standard mobile devices from ground stations in Texas. Company executives reported sustained data rates above 4 Mbps during peak testing conditions, a critical threshold for delivering reliable voice, text and data services directly to unmodified phones.

Since the start of the year, AST SpaceMobile has added seven new distribution partners spanning North America, Europe and Southeast Asia, bringing its global partner count to 23 network operators. Notably, a binding memorandum of understanding with a major European carrier commits that partner to a multi-year capacity agreement once BlueBird enters commercial service. The company has also secured spectrum rights covering approximately 150 MHz of key mid-band frequencies in the U.S. and India, positioning it to address underserved rural and maritime markets.

AST SpaceMobile plans to launch its first production satellite in Q3, following a successful integration review at its Texas facilities. The firm forecasts operating revenues to ramp from zero this year to $60–80 million in 2025, assuming full network operator rollouts begin in late 2024. Management projects reaching positive adjusted EBITDA by the end of 2026. The current cash balance of $325 million, bolstered by a February equity raise, is expected to fund operations through the next two major launches and initial ground station buildout.