AST SpaceMobile shares are moving higher Thursday as investors weigh the company’s launch timeline against its recent earnings miss. ASTS reported a first-quarter loss of 66 cents per share on $14.74 million in revenue, below expectations for a 23-cent loss on $37.63 million in revenue. CEO Abel Avellan said the company is accelerating manufacturing, with BlueBird 8, 9 and 10 launches targeted for mid-June. Investors are also watching cash burn, support near $73.50 and resistance around $84.
#ASTS #ASTSpaceMobile #SpaceStocks
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