AST SpaceMobile rallied 14% today with Monday earnings and 3 satellites scheduled
AST SpaceMobile, the satellite internet company working to connect ordinary smartphones directly to space-based networks, jumped nearly 15% today as investors positioned ahead of a Monday earnings report and broader technology sector gains provided additional momentum. The stock closed at $75.05, pushing the company’s market capitalization above $29 billion.
The 14% today gain and what’s driving it
The move reflects a combination of sector enthusiasm and pre-earnings positioning. The broader technology market had a strong session today, with chip stocks and AI-related companies extending their gains, and growth-oriented companies with large projected addressable markets like AST SpaceMobile tend to move alongside those trends.
With earnings due Monday, May 11, investors willing to bet on a positive update added exposure ahead of the release. The company currently operates at a significant loss, with net losses of approximately $342 million and revenue of roughly $71 million over the past twelve months. Its valuation is built almost entirely on the long-term opportunity in satellite-based mobile connectivity rather than current profitability, which means sentiment around any earnings release can move the stock sharply in either direction.
The BlueBird 7 setback and the SpaceX switch
The more operationally significant news from earlier in May was less encouraging. On April 19, a Blue Origin New Glenn rocket failed to deliver a BlueBird satellite batch to the intended orbit after an upper-stage engine thrust deficiency. BlueBird 7, one of AST SpaceMobile’s key next-generation Block 2 satellites, ultimately burned up during reentry, creating a meaningful disruption to the company’s deployment schedule.
In response, AST SpaceMobile has scheduled 3 Block 2 BlueBird satellites to launch on a SpaceX Falcon 9 rocket instead, with that mission targeted for mid-June 2026. The 3 satellites carry what the company describes as the largest commercial phased-array antennas ever placed into low Earth orbit, making the upcoming mission both a recovery effort and a direct test of whether the company can maintain its rollout cadence. The existing multi-launch agreement with Blue Origin remains in place and is contingent on New Glenn returning successfully to flight after the April anomaly.
What’s at stake heading into Monday earnings
The June SpaceX launch matters for a specific reason tied to the business plan. AST SpaceMobile has approximately $1.2 billion in contracted revenue commitments and is working toward having between 45 and 60 operational satellites in service by the end of 2026. Every launch delay compresses the remaining roadmap and puts those contracted revenues at greater risk.
Heading into Monday’s report, investors will be watching for any updated deployment guidance, commentary on the Midland, Texas manufacturing facility, which the company says is approximately 95% vertically integrated, and any progress reports on the contracted revenue commitments that depend on reaching commercial scale.
The historical pattern investors should know
AST SpaceMobile’s earnings track record provides a useful reference point. Looking at 16 earnings releases over the past five years, the stock has posted a positive return in the first trading day after results only 4 times, or approximately 25% of occasions. The most recent earnings release, in February 2026, resulted in a first-day decline of approximately 15%.
When positive reactions have occurred, they have been substantial, with a median first-day gain of around 12% and one instance where the stock rose more than 50% immediately after the report. When negative reactions happen, they have been more consistent, with a median first-day decline close to 9%.
Today’s pre-earnings move could be validated in a significant way on Monday or reversed quickly if the operational update disappoints. The BlueBird timeline and satellite deployment progress will likely carry as much weight as the financial figures themselves.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. The author and publication are not registered investment advisors and do not provide personalized investment recommendations.