On August 21, AST SpaceMobile, Inc. rose 5.53% in regular trading, trading at $69.0/share, with turnover of approximately $100 million.

On the news front, sources revealed that SpaceX and AST SpaceMobile have expressed interest in acquiring 800MHz spectrum held by communications investment firm Grain Management, which is strategically valuable for providing wireless phone services directly from space. Grain obtained the licenses through a spectrum swap with T-Mobile and has solicited initial bids by the first week of September, expecting to raise approximately $6 billion from the sale. If successfully acquired, the spectrum would significantly enhance AST SpaceMobile's space-based cellular broadband network capabilities by enabling ground-link infrastructure for voice services.

The stock had recently been under pressure following a Q2 earnings miss, with adjusted EPS of -$0.35 versus -$0.28 estimated and revenue of $31.52 million below the $34.98 million consensus. Bank of America subsequently lowered its price target from $95 to $80. However, the company raised its full-year revenue guidance to $150-$200 million and reported backlog growth to approximately $1.3 billion.

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