EL7.AI
StocksMediumUpdated×2•Originally published 29 June 2026•Updated 29 June 2026•
1 min read

AST SpaceMobile Jumps 21% on BlueBird Momentum, August Launch Window

Key Facts

1AST SpaceMobile confirmed its three newest BlueBird satellites are operational in orbit after their June 17 SpaceX launch.
2The company announced a joint venture with Rakuten to provide direct-to-phone satellite service in Japan.
3Production is already underway on BlueBird 37, indicating fleet expansion.

Amid rising momentum in direct-to-phone satellite connectivity, ASTS surged 21.44% on June 29 to close at $86.79, driven by the operational readiness of three new BlueBird satellites launched on June 17 via SpaceX. The company also announced a joint venture with Rakuten for the Japanese market and began production on BlueBird 37, signaling broader expansion plans.

The sharp rally follows volatile trading that saw the stock at $71.45 on June 26. Per market data, ASTS traded in a daily range of $79.25-$87.34 on June 29. An upcoming August launch window and the timing of Q2 earnings add further catalysts, reinforcing positive sentiment.

Investors are watching the current level of $86.79 (intraday, June 29) as a gauge of sustained momentum, with potential to test resistance at the daily high of $87.34. The August launch window and satellite fleet growth could drive near-term gains, with Q2 earnings offering an additional catalyst.