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StocksUpdated×3•Originally published 6 April 2026•Updated 8 April 2026•

1 min read

AST SpaceMobile Maintains 'Buy' Rating Amid $1.2 Billion Backlog and Rising Competition

Jeff Bezos in a suit over a map of the US with logistics routes, Amazon delivery vans, boxes, a drone, and a warehouse.

Key Facts

1AST SpaceMobile maintains a robust ecosystem of over 50 partners.

2The company's contracted revenue backlog exceeds $1.2 billion.

3The company faces intensifying competition from SpaceX's Starlink and Jeff Bezos's Blue Origin.

about 2 months ago

Version History

3 additional sources confirmed this story

Version 3about 2 months ago

What changed: Updated the story to include Rocket Lab's acquisition of Mynaric and its transition into an integrated space systems company.

Version 2about 2 months ago

What changed: Added broader market context, including the performance of the UFO ETF and the space sector's outperformance relative to the S&P 500.

Version 1about 2 months ago

What changed: Updated the story to include details on the B2B2C model, the 6 billion subscriber reach, zero customer acquisition costs, and the technical superiority of their antenna technology over Starlink.

Investment analysts have reiterated a "Buy" rating for AST SpaceMobile (ASTS) supported by a contracted revenue backlog exceeding $1.2 billion and a model targeting 6 billion subscribers. The company's technology continues to lead in solving direct-to-smartphone connectivity challenges, maintaining a competitive edge over Starlink. In a significant sector development, Rocket Lab (RKLB) has received approval to acquire Mynaric, establishing its first strategic footprint in the European market. This acquisition allows Rocket Lab to bring laser communications technology in-house, marking its evolution from a launch provider to a fully integrated space systems company. These updates arrive as the UFO ETF continues to outperform the S&P 500 with a 28% year-to-date return. Together, these technical advantages and strategic consolidations underscore the rapid growth momentum within the global satellite connectivity market.