AST SpaceMobile hits key milestone toward satellite-to-smartphone 5G service

AST SpaceMobile hits key milestone toward satellite-to-smartphone 5G service


A view from onboard the satellite, captured after deploying the 693-square foot array.

AST SpaceMobile

Satellite-to-smartphone connectivity venture AST SpaceMobile announced Monday that the wide antenna of its recently launched test satellite deployed successfully — a critical milestone in the company’s development of a global network to provide 5G broadband service.

The BlueWalker 3 satellite, launched on SpaceX’s Falcon 9 rocket in September, deployed its 693-square-foot antenna — which the company calls the largest-ever array deployed in low Earth orbit.

“Every person should have the right to access cellular broadband, regardless of where they live or work. Our goal is to close the connectivity gaps that negatively impact billions of lives around the world,” AST SpaceMobile Chairman and CEO Abel Avellan said in a statement.

A simulated view at the BlueWalker 3 satellite antenna deploying.

AST SpaceMobile

The company is among multiple contenders trying to create such a worldwide service, an untapped market that’s long been a dream for satellite communications.

Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.

AST’s network would consist of a constellation of 168 satellites, with the company saying it will reach global coverage once about 110 are in orbit. BlueWalker 3 represents AST’s second test satellite to date, and it plans to begin deploying its operational BlueBird satellites late next year.

The satellite company went public via a SPAC last year and has raised over $600 million to date. AST has racked up a number of mobile telecom partnerships for its service, including AT&T, Vodafone, Rakuten and more.

Chris Sambar, AT&T’s network president, said in a statement Monday that the company is “excited” AST has reached “this significant milestone.”

“Working with AST SpaceMobile, we believe there is a future opportunity to even further extend our network reach including to otherwise remote and off-grid locations,” Sambar said.

AST SpaceMobile stock swung in heavy trading to close at down 9.5% at $7.99 a share. The company’s shares are flat this year as of Monday’s close.



Source

On Holding beats first-quarter expectations, sees double-digit growth in China as Nike lags
Business

On Holding beats first-quarter expectations, sees double-digit growth in China as Nike lags

Swiss sneaker company On saw more strong growth during its first quarter, beating Wall Street’s expectations on the top and bottom lines even as direct-to-consumer revenue fell short of forecasts.  During the quarter ended March 31, On’s direct-to-consumer sales, revenue from its own website and stores, grew 16.4% to 322.3 million francs ($414.2 million), falling […]

Read More
GM cutting hundreds of salaried IT workers as it trims costs, evaluates needs
Business

GM cutting hundreds of salaried IT workers as it trims costs, evaluates needs

The General Motors global headquarters in Detroit, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT – General Motors is laying off hundreds of salaried employees in its information technology operations as the automaker reevaluates its workforce needs and cuts costs, CNBC has learned. The global reductions began Monday and will impact about […]

Read More
The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax
Business

The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax

Central Park Tower, center, along Billionaire’s Row in New York, US, on Friday, May 1, 2026. Michael Nagle | Bloomberg | Getty Images High-end real estate sales in Manhattan increased in the past month, according to new data, despite New York Mayor Zohran Mamdani’s proposed pied-à-terre tax that brokers warn could cause a wealth flight. […]

Read More