AST SpaceMobile Inc (NASDAQ:ASTS) shares are trading higher Tuesday after the company announced that its test satellite has arrived at the launch location for its upcoming planned launch.
AST SpaceMobile said its BlueWalker 3 test satellite arrived at Cape Canaveral after departing from an off-site testing facility where it collected flight data for its upcoming launch to low Earth orbit, which is expected to take place in early to mid-September.
Once in low Earth orbit, AST SpaceMobile plans to conduct BlueWalker 3 direct-to-cell phone testing on every inhabited continent in coordination with mobile network operators.
“We want our efforts to significantly increase the availability of cellular broadband globally by providing a space-based network to existing, unmodified mobile phones. The delivery of BlueWalker 3 to Cape Canaveral represents another milestone in our efforts to reach this goal,” said Scott Wisniewski, chief strategy officer of AST SpaceMobile.
AST SpaceMobile is building a global cellular broadband network in space to operate directly with mobile devices. The company intends to launch a low Earth orbit constellation of BlueBirds that would provide cellular broadband from space across the globe.
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ASTS Price Action: AST SpaceMobile has traded between $11.48 and $4.84 over a 52-week period.
The stock was up 11.5% at $8.42 at press time, according to Benzinga Pro.
Photo: LoganArt from Pixabay.
