AST SpaceMobile, Inc. (NASDAQ: ASTS) announced share prices stumbled Wednesday. The company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, provided revised timing guidance on the launch of its BlueWalker 3 test satellite from Cape Canaveral, FL.
AST SpaceMobile was notified by SpaceX, its launch provider, of an updated launch window for early to mid-September, from the previously announced window targeting the week of August 15,. There has been no change to BlueWalker 3 satellite preparations and the AST SpaceMobile team remains on schedule.
The actual launch date remains subject to change and is contingent on a number of factors including, but not limited to, final testing, final integration, ground transport, timely readiness of the launch vehicle and other unknowns including, but not limited to, weather conditions or technical problems.
“We look forward to providing regular updates as BlueWalker 3 completes its journey to Cape Canaveral,” said Scott Wisniewski, AST SpaceMobile Chief Strategy Officer. “We also plan to provide further information on options for the public to view the launch, either in person or online.”
AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio. “Our engineers and space scientists,” read Wednesday’s news release, “are on a mission to eliminate the connectivity gaps faced by today’s five billion mobile subscribers and finally bring broadband to the billions who remain unconnected.”
AST shares decreased 32 cents, or 5.1%, Wednesday to $6.02.
