AST SpaceMobile Up 11% on SpaceX IPO, 33% Below 52-Week High
ASTS•AST SpaceMobile shares rose up to 11% after SpaceX priced 555.6 million IPO shares at $135, valuing SpaceX at $1.8 trillion with an $11 billion greenshoe. The stock remains 33% below its 52-week high after satellite launch delays on Blue Origin’s New Glenn pushed service deployment to H1 2027.
1. Sector Rally on SpaceX IPO
AST SpaceMobile shares climbed between 5% and 11% in extended trading following SpaceX’s decision to price 555.6 million IPO shares at $135 each. The strong demand helped ignite optimism across space equities and contributed to the gains in AST SpaceMobile stock.
2. Record-Breaking IPO Details
SpaceX’s IPO raised $75 billion at a $1.8 trillion valuation with an underwriters’ option for 83 million additional shares valued at $11 billion. Retail investors submitted over $100 billion in orders, providing a record oversubscription that fueled sector-wide momentum.
3. Satellite Launch Delays
AST SpaceMobile faces a 33% drop from its 52-week high after delays in its BlueBird satellite launches on the Blue Origin New Glenn rocket. These setbacks pushed the start of continuous consumer service deployment into the first half of 2027.
4. Production Ramp and Partnerships
The company has ramped production to six BlueBird satellites per month and secured partnerships with major telecom operators to deliver direct-to-cellular broadband. Management continues to focus on meeting revised timelines and preparing for upcoming launch windows.
