AST SpaceMobile rallied as much as 15% on Tuesday after the satellite-communications company reported second-quarter results and reaffirmed that it has sufficient funding to deploy between 45 and 60 satellites by 2026. The Midland, Texas-based firm currently has six satellites in orbit and said it expects to launch additional spacecraft every one to two months during 2025 and 2026, a schedule aimed at providing continuous voice, data and video coverage across the United States, Europe and Japan. Despite a wider quarterly net loss of $99.4 million compared with $72.6 million a year earlier, investors appeared encouraged by the progress toward a space-based cellular broadband service that would compete with SpaceX’s Starlink. In contrast, health-care distributor Cardinal Health slumped roughly 9% after posting fourth-quarter earnings that beat expectations but came with revenue below consensus forecasts. The company nevertheless raised its fiscal-2026 outlook and unveiled a $1.9 billion agreement to acquire Solaris Health, adding more than 750 urology providers to its network.
$ASTS Longs dnt work for us , 55 Failed to breakout and lower lows lower highs since! Will keep eyes if holds pm lows or curls later! no go under 50!!! https://t.co/7YnUPVeXTW
$ASTS +15% intraday highs. https://t.co/PjzORHJhIB
AST SpaceMobile’s stock price is soaring after the SpaceX rival reported earnings. Here’s why https://t.co/08dd10l9Ei