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Updated · CNBC · Jun 17AST SpaceMobile Launches 3 Satellites to Expand Cellular Broadband Network
3 articles · Updated · CNBC · Jun 17Summary
- Three new AST SpaceMobile satellites reached orbit on Wednesday, pushing the company’s space-based cellular broadband buildout forward.
- SpaceX’s Falcon 9 carried the satellites, which AST said will help extend its planned direct-to-cell network.
- AST SpaceMobile shares jumped 6% in premarket trading after the launch announcement, making it one of the session’s biggest movers.
- The move highlights investor focus on execution milestones as AST works to turn its satellite network into a commercial mobile broadband service.
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